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Ericsson has announced a partnership with VeriFone Mobile Money, the provider of mobile payment solutions for merchant point of sale (POS).

VeriFone Mobile Money Retail Enablement software suite will be integrated with Ericsson Wallet Platform to “expand payment options, including in emerging markets”.

The global partnership agreement will make it possible for Ericsson’s customers to offer a range of contactless near field communication (NFC) and tap-and-pay services at POS.

Commenting on the partnership, Chris Jones, Chief Executive of VeriFone Mobile Money said, “This partnership will enable Ericsson’s customers to realize the economic benefits of increased volumes of payment transactions, wider mobile money adoption and an improved consumer experience.

“NFC and contactless payments drive wallet adoption transactions at the merchant, and cashless economies. We are excited about the partnership and look forward to a long-term relationship.”

Peter Heuman, VP, Head of M-Commerce at Ericsson added: “Ericsson’s M-Commerce work includes a primary focus on financial inclusion efforts that bring greater mobile money flexibility to traditionally unbanked citizens, especially in emerging markets.

“Our partnership with VeriFone Mobile Money represents continued advancement of these efforts, helping mobile subscribers with more choices in where and how they can shop.”

 

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