Teasy will work with local industry players to roll out VeriFone contactless POS devices, while VeriFone will integrate the mobile wallet, banking, and telecommunication provider networks with the POS terminals.
VeriFone Mobile Money is a joint venture between VeriFone and Mobilis Networks, a provider of cloud-based SaaS (Software as a Service) services for mobile banking, billing and payments.
The technology used will be a combination of biometrics and NFC on mobile devices and cards.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.