Wednesday, February 29, 2012

Vodafone and Visa Enter Mobile Payments Partnership

Vodafone and Visa tare embarking on a worldwide partnership to enable consumers to pay for goods and services using their mobile phones. The idea is a Vodafone-branded mobile wallet for consumers across Vodafone’s 398-million customer base in more than 30 countries. Transactions would be enabled by Visa’s payment network, product suite and brand.

Vittorio Colao, Group Chief Executive Officer of Vodafone, said: “The Vodafone mobile wallet represents the next stage of the smartphone revolution. It offers our customers the speed, simplicity and convenience of managing their everyday transactions with a single wave or tap of their smartphone, using innovative and reliable services developed by Vodafone and Visa - technology and providers they can trust. Our mobile wallet will be open to any service provider and we are committed to enable all partners to provide our joint customers the richest service portfolio possible."