Verifone Mobile Money (VMM) and South Africa’s MTN Group have inked an agreement to deliver retail payment devices to merchants across 16 of MTN’s operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone.
VeriFone Mobile Money offers a complete mobile money solution for mobile money providers in emerging markets. In addition to mobile money transfer services, VeriFone Mobile Money delivers quick and easy mobile money payment acceptance at the point-of-sale through VeriFone Inc.’s range of secure biometric and contactless payment acceptance devices.
Features of VeriFone Mobile Money include:
– Integrates the existing mobile or online wallets and the VeriFone Point of Sale Terminal
– Applications include retail and business banking, Cash in & Cash out, Micro Interest, Micro Insurance, Bill Payment, Air time Top Up, Mobile Bill Payment and Domestic and International Remittance at the Point of Sale Terminal
– Bank Level Security with integrated reporting and SMS support
– Support for multiple identification methods including NFC, NFC Tags, EMV, SmartCard, QR Codes and Beacons (Bluetooth 4.0)
MTN Group connects subscribers in 22 countries in Africa, Asia and the Middle East. As of 30 September 2014, MTN recorded 219,2 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia.
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