Visa Europe chief executive Peter Ayliffe said the firm is joining hands with companies to make the future of payments a reality for consumers, for retailers and for financial institutions.
"Our investment in the Mobile Money Network will support our aim to deliver a wide range of secure and reliable mobile payment services that help our members tap into the potential of m-commerce", said Ayliffe.
Beginning this year, Visa Europe and MMN will implement various m-commerce initiatives in the UK, by employing MMN’s bank-grade, interoperable infrastructure for secure, fast and simple mobile shopping to the mass market, said MMN.
According to MMN, its mobile checkout, Simply Tap enables consumers to easily identify and purchase a product on their mobile.
Simply Tap can be used wherever a shopper sees a product either in print, on outdoor advertising, in-store or online and allows the user to make an easy, secure purchase, with products delivered directly to their home address, claims MMN.
