Ericsson and F.I.R.S.T at IIT Kanpur form strategic partnership for driving next-gen financial solutions innovations

Ericsson and the Foundation for Innovation & Research in Science & Technology (F.I.R.S.T) at the Indian Institute of Technology (IIT) Kanpur have announced a two-year strategic partnership to drive innovation in Mobile Financial Services (MFS) and Fintech solutions. The partnership will identify emerging technologies, trends, and market insights to address real customer needs. This collaboration is pivotal as the digital wallet market is predicted to surpass $16 trillion in transactions by 2028.

Ericsson’s Wallet Platform supports over 400 million registered mobile wallets, processing 2.8 billion transactions valued at over $40 billion monthly. This collaboration represents a significant stride for Ericsson in affirming its leadership in technology and innovation within the Financial Services space. Teaming up with F.I.R.S.T at IIT Kanpur, renowned for fostering technological innovation, this partnership leverages Ericsson’s global experience to drive meaningful advancements in ...