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2016-05-13

Ericsson: Ericsson and Rwandan Government collaborate on financial inclusion

* Collaboration to support greater financial and social inclusion for all
Rwandan citizens through new information technology and software.
* Government of Rwanda enacts clear financial and payment services policies
to create a neutral, interoperable and viable market place properly
supported by the Ericsson Interconnect Solution
* Rwanda aims to become Africa's first truly digital economy, leveraging on
Ericsson M-Commerce Interconnect for seamless financial services

Ericsson (NASDAQ:ERIC) and the Ministry of Finance and Economic Planning for
Rwanda have signed a breakthrough agreement for the launch of a national
interoperability switch based on the Ericsson M-Commerce Interconnect
solution. The solution will enable financial and payments services providers
in the country to connect to one common platform for seamless and real-time
payment transactions. This agreement represents another step in Ericsson's
commitment to building the necessary global infrastructure for a new open
digital economy.

Peter Heuman, VP and Head of M-Commerce for Ericsson, says: "Africa has been a
main driver for innovative mobile financial services. Ericsson M-Commerce
Interconnect advances existing efforts by seamlessly linking banks, mobile
operators, money transfer organizations, and payment and financial services
providers - making the promise of true financial inclusion achievable. The
work we are doing with the Government and people of Rwanda on this initiative
is imperative for the country and region and we look forward to continued
collaboration with countries throughout Africa and globally to build upon
these important efforts. "

This agreement supports the Government of Rwanda's objective to create a
digital economy and drive greater financial and social inclusion for its
society and citizens. Ericsson's Rwanda Interconnect Switch (RIS) will
connect financial and payment services providers within the country and
enable end-users to enjoy, in real time, a range of digital payments
possibilities across all financial platforms and service providers. Further,
the inclusion of informal sectors such as savings cooperatives and micro
finance players in the ecosystem allow previously excluded citizens to
participate in mainstream financial services, thereby increasing financial
inclusion.

Claver Gatete, Minister of Finance and Economic Planning, Rwanda: "Mobile
payment technology has the potential to advance financial inclusion and help
people build savings while giving government, as well as the private sector,
a more cost-effective, efficient, transparent and safer means of disbursing
and collecting payments. We are happy to be partnering with Ericsson on
this."

Ericsson M-Commerce Interconnect links Rwandan financial stakeholders to
create a real-time, irrevocable financial transactions processing solution
with 24/7 availability. Ericsson will also lead on-boarding and integration
of Rwanda payment service providers and financial institutions. The Rwanda
Interoperability Switch is expected to be operational by early 2017.

Fredrik Jejdling, Head of Region, Sub-Saharan Africa, Ericsson, says: "More
inclusive mobile financial services solutions could directly impact the UN
sustainable development goals by increasing economic growth and reducing
inequality within and among countries. This partnership is a great
testimonial to how collaboration between the public and private sector can
transform the financial sector for the better. This deployment places Rwanda
on track to becoming the first truly cashless society in Africa and we are
very pleased to be part of making history on the continent."

NOTES TO EDITORS

For media kits, backgrounders and high-resolution photos, please
visitwww.ericsson.com/press

Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with
every major telecom operator in the world allow people, business and society
to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband
and the cloud
- are enabling the telecom industry and other sectors to do better business,
increase efficiency, improve the user experience and capture new
opportunities.

With approximately 115,000 professionals and customers in 180 countries,
we combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments
in research and development ensure that our solutions - and our customers -
stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in
2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.

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FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail:media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations@ericsson.com

Ericsson and Rwandan Government collaborate on financial inclusion
http://hugin.info/1061/R/2012607/745665.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via Globenewswire

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