VeriFone MobileMoney is a joint venture between VeriFone Inc. and Mobilis Networks Limited to provide complete mobile money solutions designed to meet the needs of mobile operators for telco-based money transfer and payment services in emerging markets.
Since the early deployments of Smart Money and GCASH in the Philippines, and M-PESA in Kenya, the growth in new rollouts of Mobile Money and Mobile Financial Services (MFS) throughout the world has remained strong. Now with 130 live deployments and 100 more planned, it is time to increase widespread adoption rates and normalize these services as a standard means of everyday payment and transfer.
The Mobile Money market has lacked a convenient and robust solution for mobile money payment acceptance. VeriFone MobileMoney now delivers much-needed retail enablement services through secure contactless payment devices and a Mobile Money Payments Switch for quick and easy mobile money acceptance at the point-of-sale. With VeriFone MobileMoney's secure end-to-end platform, providers can confidently offer their subscribers fraudless and scalable mobile money and financial services without time-consuming network integration.