Visa, Monitise partner for mobile payments in Europe
04 February, 2011
category: NFC
Visa has signed a deal with UK-based mobile money solutions provider Monitise to roll out mobile contactless payments across Europe, according to nma.co.uk.
The deal, which builds on Visa’s €500 million investment in mobile banking technology, will see the partners develop and deploy large-scale mobile services, including payment, peer-to-peer money transfers and text alerts for banking transactions, reports nma.
Peter Ayliffe, CEO of Visa Europe, comments: “This agreement places us in a position to deliver mobile services with incredible scale and processing efficiency, enabling our member banks to offer mobile payment services to both consumers and retailers.”
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