Ericsson has announced the launch of a number of new services within its M-commerce portfolio ahead of next week’s Mobile World Congress in Barcelona.

The firm plans to showcase both its Converged Wallet and Merchant Wallet solutions at the show. The technology aims to provide the consumers brands with the infrastructure and solutions needed to create and connect m-wallets across a global m-commerce eco-system.

The portfolio of services will speed time to revenue, increase adoption and stickiness, cost efficiency and performance for mobile network operators, financial institutions, internet gaming companies and retailers, says the company.

Ericsson Converged Wallet can unlock the potential of the m-wallet for operators and financial institutions by converting the accounts of over a billion consumers already on the Ericsson Billing & Charging Solution to m-wallets.

The Ericsson Merchant Wallet service will help provide large Internet brands and merchants with a solution for payments including payments; virtual currency transactions, loyalty points.

“This is an exciting time for the m-commerce industry,” said Adam Kerr, Head of M-commerce, Ericsson. “We are in a unique position to work with strategic partners to kick-start the next wave of growth of the M-commerce eco-system.”

“Right now we are very focused on providing services that give our partners across the eco-system a fast route to provide their consumers with more m-wallet and platform independent services and greater payments choice,” he added. “Through our enhanced suit of services we will enable partners to get closer to their customers through differentiated wallet services that connect and add value to their consumers.”

Ericsson will be demonstrating their new M-commerce portfolio at MWC next week. Telecoms Tech will be there to bring you all the latest news and announcements.