Ericsson today announced a partnership with Verifone Mobile Money. The global partnership agreement will make it possible for Ericsson's customers to offer a range of NFC and tap-and-pay services at the point of sale, according to a press release. 

The Verifone mobile money retail enablement software suite will be integrated with Ericsson Wallet platform to expand payment options, including in emerging markets, according to the announcement.

"This partnership will enable Ericsson's customers to realize the economic benefits of increased volumes of payment transactions, wider mobile money adoption and an improved consumer experience," Chris Jones, chief executive of Verifone Mobile Money, said in a statement. "NFC and contactless payments drive wallet adoption transactions at the merchant, and cashless economies. We are excited about the partnership and look forward to a long-term relationship."

Ericsson said its wallet platform enables operators to reuse existing assets and bundle telecom offerings with financial services to create a complete end-user product for m-commerce needs. 

"Ericsson's m-Commerce work includes a primary focus on financial inclusion efforts that bring greater mobile money flexibility to traditionally unbanked citizens, especially in emerging markets," Peter Heuman, vice president and head of m-commerce at Ericsson, said in a statement. "Our partnership with Verifone Mobile Money represents continued advancement of these efforts, helping mobile subscribers with more choices in where and how they can shop."