VeriFone Mobile Money is a joint venture between VeriFone Inc. and Mobilis Networks Limited to provide complete mobile money solutions announced today at the Global Telecom Business ("GTB") awards that it won the award for "Consumer Service "innovation.
Chris Jones a Director of VeriFone Mobile Money and Founder of Mobilis Networks says "he is delighted to receive the GTB Innovation award for Consumer Service which recognizes the delivery of VeriFone Mobile Money’s retail enablement and mobile financial services platforms integrated to Digicel’s ‘Beep and Go’ Wallet solution in the Pacific islands, and the work the company is doing globally with banks and mobile service providers."
"Together Digicel and VeriFone Mobile Money have delivered to Digicel’s customers a world first. The solution goes beyond the Wallet to deliver people in the Pacific islands the ability to conduct a full suite of financial transactions through their mobile device. These services include mobile payment, airtime top-up, loyalty and promotions coupled with mobile banking and international remittance between their families across the globe. The solution utilises VeriFone Mobile Money’s unique implementation of NFC at the point of sale, coupled with the use of VeriFone Mobile Money’s biometric security solution," Jones says.
Jones adds "Our relationship with VeriFone Inc. has enabled us to develop a unique solution, which is tightly integrated to VeriFone’s point of sale terminals. We value our relationship with VeriFone who are the leading global provider of point-of-sale (‘POS’) transaction devices that are used daily by millions of consumers to make purchases. "
The solution is believed to be a world first as it integrates ubiquitous NFC (the solution does not require a smart phone or smart application) and biometric identification at the point of sale to deliver a speedy, hassle free solution enabling the customer to conduct secure financial transactions quickly and efficiently through their mobile device of choice.
Jones notes, "The demand for VeriFone Mobile Money by Banks, Financial Service Providers and Mobile Network Operators has been incredible". Leading Research Company Ovum predicts that the total number of mobile money stored accounts will reach 1.1 billion by 2017 across 30 countries-.
The Global Telecoms Business Awards recognize the world’s most innovative Telecoms projects and celebrate collaboration between leading operators and vendors such as VeriFone Mobile Money and Digicel in a number of key categories:
1: Fixed infrastructure innovation
2: Wireless infrastructure innovation
3: Wholesale service innovation
4: Business service innovation
5: Consumer service innovation
In presenting the Innovation Award to Verifone, Mobilis and Digicel, Alan Burkitt-Gray, editor of Global Telecoms Business, commented,
"This is the seventh time we’ve run our Innovation Awards and each year we’ve seen that the industry is working harder and harder to deliver exciting and innovative services to its customers worldwide. Congratulations to all the award winners. The industry is seeing a wave of innovation, which is making a huge difference - to the companies working in the industry and to all of us in business and as consumers. They are making such a difference to the world. We want to celebrate what they are doing."
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