Airtel pushes mobile money agenda in Africa with VeriFone

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 a way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale.

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. Only 22 per cent of Africans are estimated to hold a bank account or credit facility.

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.