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-> VISA and Monitise to Launch Financial Services on Mobile Phones in India

Posted by Unknown Labels:

Visa Inc, the world’s largest retail electronic payments network, and Monitise, leaders in the development and operation of “Mobile Financial Services”, today announced the formation of a joint venture that will provide a technology platform for financial institutions and Mobile network operators in India to offer a range of mobile financial services to consumers.

The joint venture builds on an existing partnership between Visa and Monitise, and will give providers of financial services in India a platform to accelerate the delivery of mobile financial services such as banking, bill payments, mass transit ticketing, mobile top-up and others to consumers. India is the worlds second largest mobile market with an estimated 584 million mobile phone subscriptions.



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