IBM and Monitise have announced an agreement that is hoped to boost Visa Europe’s ability to provide its member banks with new mobile banking, payment and commerce services in the cloud for its customers.
It’s clear there’s plenty of demand for such services – Visa predicts that by 2020, more than half of its transactions will be carried out on a mobile device.
IBM will help Monitise extend and scale the adoption of these services with Visa Europe and develop additional services to bring to the mobile marketplace, according to the firms.
Visa Europe CIO Steve Chambers said, "Visa recognises the specialist nature of making mobile services intuitive, convenient and relevant to the consumer, as well as meeting the need for interoperability across the scale and diversity of Europe. We are excited about the value that this collaboration will deliver for our members."