Ericsson has partnered with VeriFone Mobile Money to offer its clients a wider range of mobile payment tools for emerging markets.
Under the deal, VeriFone Mobile Money Retail Enablement software suite will be integrated with Ericsson Wallet Platform.
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Ericsson’s wallet platform, which operates as part of Ericsson M-Commerce portfolio, enables operators to reuse existing assets and to bundle telecom offerings with financial services for m-commerce needs.
Ericsson expects the partnership to make it easier for operators using its products to offer a range of NFC and tap-and-pay services at the point-of-sale.
VeriFone Mobile Money CEO Chris Jones 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."
Ericsson VP head of m-commerce Peter Heuman said: "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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