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Scooped by Therese Torris onto Payments 2.0 |
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"India is going to be the Visa's flagship market for mobile payments service, said Visa's Global Mobile Product head Bill Gajda.... Movida [is a] mobile payment ... joint venture with Monetise, a technology company for mobile payments service... [Visa] bought Fundamo ... a software provider with a licence in mobile payment technology to mobile operators and banks. ... operators and banks ... set up their closed loop mobile payment systems that usually use a phone number as a stored value account on a very basic handset." Delete the scoop?
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"four in five new cell phone subscribers are also signing up for money transfer services, online media outlet businessdailyafrica.com reveals."
My take: Mobile payments are crucial to underbanked countries like Kenya. For the same reason, Fundamo, the mobile payment company recently acquired by Visa in June 2011, has some 50 deployments in over 40 countries, including 27 countries in Africa and the Middle East and another 10 globally. Delete the scoop?
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Card reader still available for free for businesses ! I'd rush to get one if I were you
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