Monitise and Visa launch mobile payments platform in India

Service will allow users to pay bills, buy tickets and top-up airtime

The two partners have signed an agreement with HDFC Bank to launch a service that works across all mobile networks using using any Visa or non-Visa branded payment account.

It can be used any mobile subscriber, anywhere on every kind of phone. Why? because it uses menu-based USSD mobile technology to link card details to a mobile phone number. A simple menu can complete a transaction in only a few steps.

Naushad Contractor, head of the Monitise and Visa joint venture in India, said: “This service is going to drastically reduce the time and energy Indians waste every day waiting to pay bills.

"This technology will be a game changer the way the iPhone was for mobile phones."

It's more progress for Monitise, which powers mobile banking services in Europe, the US and Africa and has partnerships with Visa Inc., Visa Europe, RBS Group, HSBC, Lloyds Banking Group, First Direct, U.S. Bank, Standard Chartered Bank and more.