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.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik