Ericsson has partnered with PrePay Solutions to launch Ericsson Money in Europe. 

Users in the UK, France, Germany, Italy, Spain, Poland and Sweden can sign up today at www.ericssonmoney.com to send and receive money to and from friends and family and withdraw cash, all using a mobile phone.

Adam Kerr, head of consumer services at Ericsson Money Services, says: “Its an exciting time for a new industry and we are really looking forward to accelerating the pace at which individuals around the world can benefit from connected money services in their everyday lives by making money transfer more like mobile communication.”

Once registered, users can load money to their account via credit card, debit card, cash, or through a bank account. There is also a business to business mobile money service called Ericsson Money Interconnect, which enables different mobile wallet services to work together. 

Gilles Coccoli, MD at PrePay Solutions, says: “The launch of Ericsson Money Services offers customers the ultimate in convenience as they can now walk into a virtual bank using their phone. This new development fits perfectly into the modern lifestyle and its potential is massive. We work closely with companies around the world to develop new products in the technology sector and this is has been an exciting project for us.”

Ericsson says the launch of the European service follows two years of preparation and proof of concept in Europe and Asia.