Mobile network operator Airtel Ghana has teamed up with VeriFone Mobile Money to launch contactless tap and pay NFC technology for its over 1.5 million registered mobile money customers.

As part of the partnership, POS terminals will be offered to Airtel Ghana merchants across the country with NFC-enabled devices.

In order to use this service, customers need to simply tap their NFC phone at the POS terminal to effect payment through their mobile wallet.

Additionally, customers without NFC enabled devices can pay from their mobile wallets using a contactless sticker.

Verifone Mobile Money CEO Chris Jones said: "We believe that NFC technology and the roll out of contactless "tap and pay" across the African continent will help to realize the true economic benefits of cashless economies while driving mobile money adoption through an improved merchant payments experience.

Airtel Ghana managing director Lucy Quist said: "This is a more efficient mode of payment as it reduces the number of steps customers have to go through to make a mobile money payment. The use of this new technology will further deepen the growing acceptance of cashless payments in Ghana."

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By GlobalData