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A Revolutionary Mobile Payment Service
MOVIDA enables mobile based payments through a secure technology that is fast, simple, reliable and does not require an internet connection!

About MOVIDA India Pvt. Ltd

MOVIDA India Pvt. Ltd. is a 50:50 Joint Venture between Visa (NYSE: V) and Monitise (LSE: MONI.L) that establishes mobile handsets as the core device for making electronic payments. MOVIDA works primarily with financial institutions and mobile operators to provide services to consumers across India.  MOVIDA uses the underlying capabilities of Visa and Monitise to deliver a fast, reliable, secure and simple service using proven technologies and networks. MOVIDA aims to revolutionise mobile based payments in India by providing cost effective and secure solutions that are easy to implement and easy to use.

For details about the service, please visit www.movida.in

MOVIDA's Mission

MOVIDA’s mission is to establish an open, cost-effective and secure platform for financial institutions, merchants, acquirers and aggregators to offer consumers the benefit of electronic payment services using the mobile phone. In its endeavour, MOVIDA aims to become a trusted partner to banks and mobile operators. MOVIDA provides turn-key solutions for partners to use established infrastructure for offering additional, complementary payment services to their customers.

The MOVIDA Team

MOVIDA has garnered a team of experienced professionals from diverse industries including payment cards, electronic & mobile payments, who strive to make mobile payment services in India a smooth and convenient process.

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About Visa Inc.

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks - VisaNet - that is capable of handling more than 20,000 transaction messages in a second, with fraud protection for consumers and guaranteed payment for merchants.

Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products.

For more information, visit www.corporate.visa.com

About Monitise Plc.

Monitise plc (LSE: MONI) is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.

Monitise powers bank-grade solutions that are delivered on premise, or via cloud services, handling more than a billion transactions and over US$20bn worth of payments and transfers on an annualised basis. Monitise has a global reach and unique set of partners and clients using its completely adaptable platform.

More information is available at www.monitise.com

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Call 022 6612 6575
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