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Visa looks to globalise mobile credit card infrastructure

Credit card giant Visa has formed a partnership with NeuStar in a new bid to mobilise financial services worldwide, it has been announced.

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23 June 2009

Visa looks to globalise mobile credit card infrastructure”

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Visa will use NeuStar's interconnection services in order to gain a point of access to mobile network operators as the credit card company attempts to expand its venture into the sector into the global business sphere.

Head of product at Visa Elizabeth Buse commented: "This initiative has the potential to accelerate delivery of mobile financial services in both emerging and developed economies.

"Those services include mobile payments, wireless top-up of prepaid accounts, money transfer, value-added services such as alerts and offers and mobile acceptance of electronic payments."

The companies claim the collaborative effort of their organisations will mean the provision of mobile financial services to areas that have a low level of service currently.

NeuStar is an organisation providing addressing, interoperability, infrastructure and clearinghouse services, which manages over 700,000 transactions and is responsible for the routing of over two billion telephone calls each day.

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