Telefonica, Visa Europe forms Strategic Partnership To Develop m-Commerce Across Europe

Posted on Jul 6 2012 - 1:17pm by Editorial Staff

Just only a day after Facebook, Google, Microsoft and RIM partners with Telefonica for mobile billing partnership, Telefonica and Visa Europe announced today strategic partnership so as to developer m-commerce across Europe. The agreement will see both companies 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.

‘Visa has been an important partner for a number of years in Europe, helping us to trial, test and ultimately launch mobile payments products,’ said Joaquin Mata, Director of Financial Services at Telef√≥nica Digital. ‘This market has enormous untapped potential and through this partnership with Visa Europe we aim to unlock significant new business opportunities.’

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