Bharti Airtel to Deploy Mobile Mobile Services Across Africa
Published on: 25th Aug 2014
Bharti Airtel is to offer VeriFone Mobile Money's merchant enablement applications for mobile Tap n Pay across its 17 operating companies in Africa.
VeriFone Mobile Money's Tap n Pay applications are way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale.
"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."
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.