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 Osborne.
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 industrialists.
Cards International’s sister publication Electrionic Payments International first broke the news of Monetise’s plans in India in July 2009.