Visa Acquires Fundamo, Inks a Deal With Monitise

In a pair of mobile moves, Visa today announced its acquisition of Fundamo, a mobile banking platform for developing nations, and an agreement with Monitise, a provider of, among other things, mobile-based person-to-person payments. Price of the deals was not disclosed. The moves come on the heels of Visa’s late-April investment in Jack Dorsey’s Square, a mobile payments platform for iPhone and iPad.