Monetise raised the curtain on its joint
venture with Visa in India as part of a British delegation to the
country which included Chancellor of the Exchequer George
The finance minister attended the formal
launch of the Monetise project at the Taj Mahal Hotel.
It will provide a technology platform for banks and telcos to
offer mobile banking services in India.
Osborne and Prime Minister David
Camereon visited Mumbai to develop a “new
economic partnership” between the two countries .
During the visit, Osborne rang the opening bell at the
Bombay Stock Exchange, launched Vodafone’s new solar powered mobile
handset and met leading bankers, regulators, corporate heads and
Cards International’s sister publication Electrionic Payments
International first broke the news of Monetise’s plans in
India in July 2009.