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[Techtaffy Newsdesk]

Visa has launched a plug-and-play mobile money platform for financial institutions and mobile operators to offer mobile financial services to consumers. The new service can enable domestic-only or globally interoperable mobile money services.

Visa will be hosting and fully managing all aspects of the mobile money program on behalf of the provider, from user interface design to consumer enrollment, transactions processing, authorization, clearing and settlement.

The new platform, which is being hosted in Visa managed data centers, is built on Fundamo’s technology, the mobile money technology acquired by Visa in 2011, which has been deployed in more than 30 countries.