By Prince Osuagwu

As the past ten years has seen rapid spread of mobile phones across the world, making possible new, more convenient and secure ways of providing financial services to consumers, Ericsson Money Services, has launched the first of its numerous number of new mobile money services, across seven European countries

This means that with Ericsson Money, mobile phone users in the UK, France, Germany, Italy, Spain, Poland and Sweden can sign up from today at www.ericssonmoney.com to send and receive money to and from friends and family and withdraw cash. Ericsson says that the launch was the first step towards bringing a full suite of convenient, cost-efficient, secure and instant mobile financial services to consumers globally.

According to the company, “as money transfers become more like mobile communication, our mobile phones will become central to not only our social lives, but also our financial lives. After easily creating a safe and secure mobile wallet online, users will be able access their money safely from the Ericsson Money network through their phones”.

A new ecosystem is emerging in the convergence of mobile and financial services. Mobile payments and person-to-person money transfers are forecasted to become some of the most-used mobile applications in many countries in the next two or three years.