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June 9, 2011 02:27 pm GMT
Visa this morning announced that it has agreed to acquire Fundamo, a specialist mobile financial services provider to network operators and financial institutions in developing economies, for $110 million in cash.In a separate announcement, the giant payments technology company said it has entered into a new, long-term commercial agreement with Monitise, a provider of mobile money solutions for financial institutions in more developed regions.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1khY6A4Pmrk/
Visa Acquires Mobile Financial Services Company Fundamo For $110M In Cash
Visa this morning announced that it has agreed to acquire Fundamo, a specialist mobile financial services provider to network operators and financial institutions in developing economies, for $110 million in cash.In a separate announcement, the giant payments technology company said it has entered into a new, long-term commercial agreement with Monitise, a provider of mobile money solutions for financial institutions in more developed regions.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1khY6A4Pmrk/
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