TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Summits
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Huawei Corporate News

Tracker

Huawei joins partnership to promote interoperability and financial inclusion at scale

Via Huawei Corporate News

Nov 18, 2016

[Shenzhen, China, Nov. 18, 2016] Huawei announced today that it will be one of the first major partners of the Bill & Melinda Gates Foundation’s (Gates Foundation) initiative the Level One Project. The initiative is focused on developing and deploying digital financial services that serve customers at all levels of the financial pyramid. These scalable, low-cost, interoperable and fraud resistant payment systems will be based on open Application Programming Interfaces (API’s) and help people in the world’s poorest regions improve their lives and build sustainable futures by connecting them with digitally based financial tools and services.

Kosta Peric, Deputy Director, Financial Services for the Poor, Gates Foundation and Ali Shi, President of Huawei BSS Product Line, sign the agreement.

Today, 2 billion adults are excluded from the formal economy because they lack access to formal financial services. Because they rely almost entirely on cash, they are ill-equipped to weather financial shocks such as illness, crop failures, livestock deaths, farming-equipment breakdowns, and ceremonial expenses. Digital financial services (DFS) that allow for personal savings accounts, insurance, credit, or cash transfers are critical for helping people pull themselves out of poverty for good.

As a leading global information and communications technology (ICT) solutions provider, Huawei is applying the core expertise to bring communications and broadband to all, create shared value and contribute to the communities where it operates. Huawei has promoted the application of ICT in sectors such as education, healthcare, and finance. These technologies have significantly increased resource utilization efficiency and are playing a meaningful role in driving forward the sustainable development agenda.

Huawei's mobile money solution allows telecom companies and banks to provide efficient and cost-effective financial services to consumers, thereby enabling easier purchases, transfers, saving, borrowing, and insurance. As part of the Level One Project, Huawei will join partners such as DFS platform providers, industry associations, governing bodies, technology firms, banks and others in a collaborative effort to establish the global baseline for interoperability, which will promote economic growth for all. More information is available at the leveloneproject.org.

“Huawei’s commitment to developing and deploying open, interoperable systems demonstrates the leadership and collaboration that is necessary to build a universally accessible and affordable digital financial system. The Level One Project principles set the course for low-cost or no-cost financial services that will benefit everyone, especially the unbanked poor,” said Kosta Peric, Deputy Director, Financial Services for the Poor, of the Gates Foundation.

“We are very proud to be a part of this initiative and to leverage the strong position that Huawei occupies in the global telecom sector to support efforts to sustainably reach poor and low-income customers,” said Ali Shi, President of Huawei BSS Product Line. “We will enable any provider of technology or financial services to benefit from the Open APIs we create.”

Related Topics
  • Announcement,
  • Asia-Pacific,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • Huawei,
  • Media & Entertainment,
  • News,
  • OSS/BSS,
  • Tracker

More Like This

Digital Platforms & Services

Amdocs selected by Fastweb for the modernization of its Operations Support Systems

Apr 9, 2021

Security

Telefónica Tech collaborates with Quside and Qrypt to validate new quantum tech in its VDC cloud service

Apr 9, 2021

5G

Verizon & Honda test how 5G enhances safety for connected and autonomous vehicles

Apr 9, 2021

NFV

Network function virtualization accelerates vCPE adoption, tripling the VNF market by 2025

Apr 8, 2021

Access Evolution

CommScope announces plan to spin-off its Home Networks Business into independent public company

Apr 8, 2021

This content extract was originally sourced from an external website (Huawei Corporate News) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

22:09

How BSS is evolving to support 5G

40:04

How can DSPs accelerate speed to market for new services?

24:04

Supporting the evolution of service provision at BT

41:32

Edge as a driver of new service revenues

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Summits
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices