Bharti Airtel and VeriFone Mobile Money,
announced that they had reached an agreement to offer VeriFone Mobile Money’s
merchant enablement applications for mobile Tap n Pay across Airtel’s 17
operating countries in Africa.
VeriFone Mobile Money’s Tap
n Pay applications are a smart, secure and fast way for customers to pay,
buy, bank, bill and remit money with their mobile phone at the point of sale.
Chidi Okpala,
Director & Head of Airtel Money - Africa stated, “Airtel is excited to
offer VeriFone Mobile Money’s applications to our teeming Airtel Mobile Money
customers across Africa. Using their Airtel Money Wallet with VeriFone’s
contactless / NFC point of sale terminals our customers will have a more
convenient, fast and secure way to make multiple payment transactions utilizing
Tap n Pay.”
“With this
solution, we will be at the forefront of efforts to transform payments systems
within the public mass transit and retail sectors in Africa”.
“Africa has one
of the most evolved mobile money systems in the world,” said Chris Jones,
VeriFone Mobile Money’s CEO. “Over 42 million people across Africa according to
the GSMA are actively using mobile money services and there are more than
520,000 registered mobile money agents across the continent. With only 22% of
Africans holding a bank account or credit facility, we fully expect the number
of people to quadruple as mobile financial services offer the ‘unbanked’ a way
to transact, pay bills and build assets.”
“We are excited
to partner closely with Airtel Africa Group to design a unique offering to
drive Africa’s mobile money evolution,” stated Mr Jones. “The partnership will
enable our teams to work together with banks, insurance and transport companies
to expand access to mobile financial tools and services for Airtel Money
customers.”
VeriFone Mobile
Money has signed a group master agreement for the delivery of its merchant
enablement solutions to Airtel Africa. VeriFone Mobile Money will implement a
full suite of Retail Enablement applications integrated to VeriFone’s range of
payment devices across the group, enabling the deployment of Mobile POS (mPOS),
POS and Biometrics for International Remittance to Airtel Money customers, the
solution will enable fast and secure transaction processing at the agents point
of sale.
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