Airtel Partners VeriFone to Bring Mobile Money Solution to 17 Countries in Africa

  • Airtel Africa, part of the Bharti Airtel Group and VeriFone Mobile Money have signed an agreement to offer VeriFone Mobile Money's merchant enablement application for its Tap n Pay service across 17 of Airtel's operating companies in Africa. The partnership will enable Airtel to work with banks, insurance and transport companies to expand access to mobile financial tools and services to its Airtel Money customers.

  • According to VeriFone, the retail enablement application is 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. VeriFone's payment devices support a wide variety of card payment options including NFC, mobile wallets, EMV, and contactless payments.

  • VeriFone Mobile Money, a joint venture between VeriFone Systems and Mobilis Networks Limited, offers mobile money transfer and payment services for mobile operators in emerging markets. Its VeriFone Mobile Money's Tap n Pay applications enables secure and fast way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale.

"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.

-        Chidi Okpala, Director & Head of Airtel Money - Africa

"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. 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."

-      Chris Jones, VeriFone Mobile Money's CEO

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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