FOSTER CITY, Calif. – Visa announced a major entry into the mobile banking market this morning this morning with the introduction of a mobile money platform that will make it easy and cost-efficient for credit unions, banks and mobile operators to offer mobile financial services to consumers.

The plug-and-play platform is the first bank-grade managed service for mobile money and will enable Visa to host and fully manage all aspects of a mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.