Telefonaktiebolaget LM Ericsson (ERIC) Partners With Mastercard
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is one of the Cheap NASDAQ Stocks To Buy in 2026. On February 18, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) announced its partnership with Mastercard to make international money transfers earlier and faster.
As part of this partnership, Ericsson’s fintech platform will be integrated with Mastercard Move to allow telecoms, banks, and fintech companies to quickly add new digital wallet features and payment services, especially for unbanked or underbanked people.
Management noted that this partnership eases the process of adding the digital wallet feature by Ericsson’s pre-built APIs, cloud setup, and compliance tools. Moreover, the broader reach of Mastercard Move in over 200 countries enhances international connectivity. Both the partnership targets Middle Eastern and African markets, which are emerging in terms of digitization and financial technology.
Pavan Bachwal, Head of Mobile Financial Services, Ericsson, said: “Joining forces with Mastercard marks a bold step toward the future of money movement. Combining Ericsson’s trusted, scalable platform with Mastercard Move enables our customers to launch secure and efficient payment solutions faster than we ever have before.”
Michaelpuche/Shutterstock.com
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) provides telecom infrastructure, services, and software to carriers and other industries. Its key segments include Networks, IT & Cloud, and Media.
While we acknowledge the potential of ERIC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
Content Original Link:
" target="_blank">
