Tag: ericsson

The mobile wallet solution will enable the distribution and use of digital aid in emergency situations.

According to a recent press release from Ericsson, the Swedish-based multinational telecommunications and equipment corporation is developing Ericsson Emergency Wallet, which is a mobile financial services solution designed for immediate deployment directly following a disaster or crises to support both affected populations and humanitarian organizations providing aid to these devastated regions.

The idea behind the emergency wallet is to help bring relief where financial infrastructure is lacking.

While this mobile wallet will no doubt be beneficial when a crisis strikes in any part of the world, the Ericsson Emergency Wallet is chiefly being developed for use in emergency circumstances where financial infrastructure is poor or virtually non-existent. It will provide relief workers and impacted populations with relief funds, helping to overcome problems that often arise with handling cash such as traceability, safety and expense.

The Ericsson Emergency Wallet could extend the benefits of relief funds to the people who desperately need them.

According to the press release, there is an urgent need for an emergency wallet solution. The reason is that mobile money and mobile wallets are among the safest, fastest and most efficient methods of extending the basic financial transaction benefits to the people who require them.

Many of the telecommunication company’s humanitarian partners have requested digital financial services solutions for disasters and other situations of emergency, and Ericsson has already presented its wallet plans at the World Humanitarian Summit, in support of the United Nations’ Connecting Business Initiative.

Moreover, the design and prototyping of the emergency wallet is co-funded through the Level One Project from the Bill & Melinda Gates Foundation.

“In partnership with the Bill & Melinda Gates Foundation, we are helping to build a new ecosystem that creates better opportunities for global financial inclusion. This unique combination of partners will be a powerful catalyst for bringing mobile financial services to humanitarian relief efforts everywhere,” stated Elaine Weidman-Grunewald, Vice President, Sustainability and Corporate Responsibility, Ericsson.

The Ericsson Emergency Wallet shows the potential ICT (Information and Communication Technology) has to revolutionize humanitarian response.

The two tech giants have agreed to stop their patent battles so they can create a new smartphone generation together.

Apple Inc and Ericsson AB, the Swedish telecom firm have come to an agreement to settle over alleged patent infringements, so that they can move forward together in improving mobile technology.

This is meant to lay the foundation for the next generation of smartphones that will be considerably faster.

Ericsson is the largest manufacturer of wireless equipment in the world. By the time of the writing of this article, it had not disclosed all the terms of the agreement that was reached between itself and Apple. However, it did state that the settlement includes a type of cross-license that includes the patents owned by both Ericsson and Apple, including the LTE, UMTS and GSM standards used in mobile technology such as smartphones.

Ericsson came to a similar form of mobile technology settlement with Samsung in 2014.

Apple, the second largest smartphone maker in the world after Samsung, holds onto a worldwide market share of 13 percent, according to data from Gartner. It will be making an opening payment to Ericsson as a part of the agreement and this amount will be followed by additional payments in the form of royalties.

That said, the specifics of the financial side of the agreement were not revealed by either company. Still, this was seen as highly appealing to investors, who initially cause the price of Ericsson shares to spike by 5 percent.

The disputes in question between Ericsson and Sony were involving 41 separate patents. They were initially filed by Ericsson in February with regards to some of the mobile technology that was used in both iPads and iPhones. This occurred following Apple’s choice to decline a prior licensing agreement it had been maintaining with Ericsson, as Apple claimed that too much money was being asked for the renewal. This new agreement has set all the patent litigation aside. This type of legal battle is highly common in the mobile tech world as it is estimated that any given smartphone has around 250,000 patents.