A joint venture between Youtap and Verifone and a wholly-owned subsidiary of Youtap.
Verifone Mobile Money is a joint venture between Youtap and Verifone and a wholly-owned subsidiary of Youtap. Verifone Mobile Money provides complete mobile money solutions designed to meet the needs of mobile operators for telco-based money transfer and payment services in emerging markets.
Youtap, through its wholly-owned subsidiary Verifone Mobile Money, provides its customers with a full suite of integrated mobile commerce applications.
These mobile commerce applications extend the capabilities of third party mobile money wallet applications, e-commerce applications and online internet applications, allowing customers to transact at the point of sale through a variety of media including NFC Wearables, NFC and non-NFC mobile devices, mag stripe cards and EMV chip cards.
Merchants are able to accept payments from mobile money wallet holders through a traditional and mobile point-of-sale terminals, significantly speeding up transaction acceptance times to below 10 seconds.
Youtap is delivering its merchant enablement platform and applications for Airtel Money‘s ‘Tap and Pay’ across their 17 operating companies in Africa. Youtap’s ‘Tap and Pay’ applications are a smart, secure and fast way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale.
Youtap is delivering its merchant enablement platform and applications to MTN for their merchants across 16 operating countries. The solution enables customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet.
Youtap’s software platforms are integrated with theEricsson Wallet platform to expand payment options, including in emerging markets. The global partnership agreement makes it possible for Ericsson’s (NASDAQ:ERIC) customers to offer a range of contactless near field communication (NFC) and ‘tap and pay’ services at POS.
Youtap, through Verifone Mobile Money, is providing Accenture (NYSE:ACN) globally with its retail enablement suite of products and devices integrated to the Accenture Mobile Financial Services platform (AMFiS). The solution enables Accenture customers globally to ‘tap and pay’, register for financial services and process domestic and international remittance transactions at the point of sale.
Youtap’s wholly-owned subsidiary Verifone Mobile Money has a global teaming agreement with Amdocs(NYSE:DOX) to retail enable the Amdocs mobile wallet. Youtap’s platforms provide a range of integrated POS and mPOS solutions enabling Amdocs wallet customers to ‘tap and pay’ at any enabled mPOS and POS globally.
Youtap, through Verifone Mobile Money, is a founding member of the Open Mobile Ticketing Alliance (OMTA). The aim of the Open Mobile Ticketing Alliance is to enable the vision of ‘Register once, travel anywhere’ by developing open, interoperable standards with payment vendors and transit operators.
The founding members include HERE, a leader in mapping, navigation and location services, transportation service providers Scheidt & Bachmann and Thales, and Youtap’s wholly-owned subsidiary Verifone Mobile Money.