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In The News

In The News

March 24 - VeriFone Mobile Money and Teasy Mobile to widen mobile money services in Nigeria, add biometrics

Article: Technology For A Global Monetary System

VeriFone Mobile Money has been selected by Nigeria�s Teasy Mobile to widen mobile money services, and introduce mobile biometrics POS systems into the mix.

According to the company, VeriFone Mobile Money is a joint venture between VeriFone and Mobilis Networks Limited to drive the adoption of mobile money and wallet solutions globally.

Under the terms of the new engagement, VeriFone Mobile Money will deploy its retail enablement solution integrating the mobile wallet, banking, and telecommunication provider networks with the point-of-sale. Teasy will work closely with local industry players to roll out VeriFone contactless POS devices as part of the solution.

The solution will also enable Teasy to deploy mobile POS and biometric solutions, which will allow the use of biometric data for secure user identification and authentication, aligning with recent Central Bank of Nigeria policies around �know your customer� and financial inclusion.

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