Visa announces new mobile payment service

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Visa Inc. (NYSE:V) today announced the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa announced mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India)

This sounds interesting. Possibly will have more penetration than any other mobile wallet.

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