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Sunday, February 6, 2011

Visa Europe and Monitise sign mobile payment agreement

Visa Europe and Monitise plc have signed an agreement to develop and supply mobile payments services for banks and other financial institutions across Europe.

Monitise will work as an ‘advanced development engine’ for Visa Europe, enabling it to provide member banks with a market-ready mobile payments service in Europe. Initially this will include the development of Visa Europe’s mobile platform for mobile contactless payments, mobile alerts and person-to-person payments  together with account management, loyalty applications and mobile e-commerce.

Peter Ayliffe, Visa Europe Chief Executive, said “We’ve created an inter-bank processing service without equal in Europe. This agreement now places us in an undisputed position to deliver mobile services with incredible scale and processing efficiency in the mobile arena, enabling Visa Europe's member banks to offer mobile payment services direct to their customers – consumers and retailers.”

Author: The Fonecast
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Tags: europe banking payments monitise visa

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