Friday, July 6, 2012

Telefónica Names Visa Europe as Preferred Payments Partner

Telefónica Digital has named Visa Europe as its preferred mobile payments partner in Europe.
The companies agreed to co-invest in the development of innovative products and services in areas such as mobile wallet, contactless payments (NFC), acquirer services for mobile point of sale, and merchant offers. The deal builds on its existing relationship in markets such as the UK and Ireland, formalizing it at a Europe-wide level and establishing Visa Europe as Telefónica’s preferred partner for the issuance of branded payments cards and the development of related mobile payment services.