Ericsson takes stake in Japan's eBANK

Jalda platform aims to be the open standard for online payments.

Ericsson has taken an equity stake in Japanese e-commerce company eBANK as part of an agreement that will see eBANK using the SAFETRADER internet payment server developed by EHPT, a joint venture company of Ericsson and Hewlett Packard.

Ericsson paid ├Ĺ100 million $859,000 for 2% of eBANK, an online payment specialist that expects to receive a banking license from the Ministry of Finance by the end of March. Its the first time Ericsson has taken a stake in a payment partner thats using a SAFETRADER payment server.

Its seen as more of a symbolic gesture, says Sabine Ehlers, EHPTs regional manager of the relatively small investment. We would...

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