Home Wealth  Money Visa Inks Pair Of Deals With Eye On Mobile

Visa Inks Pair Of Deals With Eye On Mobile

Posted: Jun. 10th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Visa announced an acquisition as well as a long-term commercial agreement Thursday, both aimed at expanding mobile options.

The payments technology giant said it has agreed to acquire South-African based Fundamo for $110 million in cash. Fundamo has a platform that enables the delivery of mobile financial services to unbanked and under-banked customers around the world, including person-to-person payments, airtime top-up, bill payment and branchless banking services. The combination will reach mobile financial services subscribers across Africa, Asia and Latin America.

Visa (nyse: V - news - people ) also signed a new commercial agreement with Monitise to expand delivery of mobile financial services to banked Visa account holders in conjunction with its financial institution partners.

Monitise's expertise in customizing mobile applications for a broad range of phone models and operating systems enables Visa to virtualize existing accounts on mobile phones and offer a new array of payment types. Terms of the deal were not disclosed.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Can the 2018 Genesis G80 Sport Compete in the Saturated Luxury Market?
Father's Day 2017: Gifts for the Modern Dad
Instantly Improve your Golf Game with the Zepp Golf 2
Tasting Canadaís Wild West: A True Foodieís Guide to Eating Your Way Through BC
Karl Lagerfeld Designs and Rolls-Royces On-Demand Are Just the Beginning at This Miami Property
Fresh Nut Milk at Home in as Little as 30 Seconds
From Supermodel to Super Chef: Meet Pascale Naessens
Meritorious Blue Microphones
A Pot that Knows How to Water Plants Better than You Do
Tech and Gadgets Gift Guide: Fatherís Day 2017
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE