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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald