Verifone Mobile Money has joined forces with Ericsson in a global partnership, making it possible for Ericsson’s merchants to use NFC technology and tap-and-pay services.
Part of its m-commerce portfolio, Ericsson’s Wallet Platform will be integrated with Verifone’s Retail Enablement Software Suite, as both firms look to increase the use of contactless payments, particularly in emerging markets.
‘‘This partnership will enable Ericsson’s customers to realise 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,’’ said Chris Jones, chief executive of VeriFone Mobile Money.
Ericsson’s wallet platform allows operators to reuse existing assets with financial services to create an end user solution for m-commerce needs. The Swedish firm’s m-commerce platform accelerates the interconnection between the m-commerce ecosystem and the financial world.
‘‘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,’’ commented Peter Heuman, VP, head of M-Commerce at Ericsson.
Whitepapers
Related reading
Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Nissan joins in-car payments race
Payments services providers and fintechs have unleashed a flurry of collaborative innovations over the course of the past decade in order to ... read more
Ripple courting banks, paytech and big fintech to beat Swift to emerging markets
Midway into 2019, Ripple is broadening its clientbase in order to boost growth and capture emerging market volumes, according to Marcus Treacher, ... read more
UK SMEs need to embrace technology revolution
Modulr CEO Myles Stevenson and Seamus Smith, executive vice president of worldwide payments and banking for Sage, on why now is the time to embrace digitisation