Shortly after announcing its new digital wallet service V.me for developed markets, Visa also made a presence at Mobile Asia Congress in Hong Kong to promote its new prepaid mobile money platform aimed at the under-banked and the unbanked consumers. By utilizing its recently-acquired Fundamo (which currently has more than 10 million mobile payment subscribers), Visa aims to leverage on the vast number of mobile phone users in developing countries - many of whom are already using local but carrier-bound mobile payment systems - in order to offer a globally interoperable mobile payment network.
Engadget, Visa aims at developing countries with new international prepaid mobile payment service
