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Vodafone, Visa Announce Worldwide Partnership - Quick Facts

2/27/2012 2:21 AM ET

Vodafone Group Plc (VOD: Quote,VOD.L) and Visa Inc. (V: Quote) announced a worldwide partnership to enable consumers to pay for goods and services using their mobile phones instead of coins and banknotes.

The companies will work together to develop a Vodafone-branded proposition that will be offered to consumers across Vodafone's 398-million customer base in more than 30 countries across five continents, enabled by Visa's outstanding payment network, product suite and brand.

The partnership combines the companies' global reach and expertise to bring Visa payment functionality to consumers around the world.

In addition to the Vodafone-branded stored value account inside the mobile wallet, Vodafone and Visa will work together to enable Visa Issuers for mobile payments globally.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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