Monitise

Maija Palmer

Visa logoThe headlong rush into mobile banking continued on Thursday with Visa announcing two deals in this area. The payments company has bought Fundamo, a South African mobile software company for $110m. It has also signed a 5-year deal with Monitise, a UK company that helps verify mobile banking transactions.

The deals come after last month Google, Mastercard and Citigroup announced plans to launch a “mobile wallet” that could be used at a number of stores in the US.