Visa, Fundamo, through its wholly owned arm in Pakistan is planning to launch a new mobile financial platform, a report published by the Express Tribune revealed.
The report said that, Fundamo, - earlier this year in cooperation with the Abu Dhabi Group, has of Monet into Pakistan market - will launch the Visa card customers will be able to conduct financial transactions via their mobile phone, just use the card number and PIN.
With this service, customers will not have to get their card exchange or point of sale in the body, instead they will be able to have the same visa card, the bank lent them to make their transactions through mobile phones.
Visa card will use the same the VisaNet technology - retail electronic payment processing network - already the 1.5 million transactions daily average.
Services will not be specific banks or mobile operators, rather than customers simply use the Visa card will provide all of these mobile financial services by default, on top of the traditional banking services.
The products will be launched, banks and telecom operators to integrate their infrastructure to support the platform, "Visa ready to enter the market of products, it has the full support of the central bank," the report said.
The report said that, Fundamo, - earlier this year in cooperation with the Abu Dhabi Group, has of Monet into Pakistan market - will launch the Visa card customers will be able to conduct financial transactions via their mobile phone, just use the card number and PIN.
With this service, customers will not have to get their card exchange or point of sale in the body, instead they will be able to have the same visa card, the bank lent them to make their transactions through mobile phones.
Visa card will use the same the VisaNet technology - retail electronic payment processing network - already the 1.5 million transactions daily average.
Services will not be specific banks or mobile operators, rather than customers simply use the Visa card will provide all of these mobile financial services by default, on top of the traditional banking services.
The products will be launched, banks and telecom operators to integrate their infrastructure to support the platform, "Visa ready to enter the market of products, it has the full support of the central bank," the report said.
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