Visa Europe, which predicts that by 2020 half its transactions will be via mobile, has existing partner relationships with both Monitise and Telefónica Digital.
"The future of payments, technology and mobile are irrevocably bound together. Mobile technology has the potential to fundamentally change the way that people pay and are paid -- enabling them to do this via any device, at any time and in any location," said Visa Europe's Chief Marketing Officer Mariano Dima. "With Telefonica Digital and Monitise we are now working together to enable new ways to pay in our increasingly mobile world."
About Telefónica Digital
Telefónica Digital is a global business division of Telefónica. Its mission is to seize the opportunities within the digital world and deliver new growth for Telefónica through research & development, venture capital, global partnerships and digital services such as cloud computing, mobile advertising, M2M, eHealth and Security. It is also driving innovation in over the top communications under a new umbrella brand called TU and in Big Data through Telefónica Dynamic Insights.
Telefónica Digital will deliver these new products and services to Telefónica's 316 million customers as well as entering new markets. It is headquartered in London with regional centres in Silicon Valley, Sao Paulo, Spain and Tel Aviv. Jajah, Terra, Media Networks Latin America, 48 and giffgaff are all managed under the Telefónica Digital umbrella.
To sign up for news alerts and read commentary on Telefónica Digital, visit www.Telefónica.com/digitalhub and track them on Twitter @tefdigital
Monitise (LSE: MONI) is a world leader in Mobile Money -- banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money.
Already over 20 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything' accounting for over $30 billion of payments, purchases and transfers annually. More information is available at www.monitise.com.
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