Visa's launch of a plug-and-play mobile money platform speaks to a rapidly maturing trend of using mobility to spread financial services to underbanked consumers and developing countries.

The new system allows Visa, which has been gradually building up to target underbanked consumers, to host and fully manage all aspects of a mobile money platform on behalf of the provider, including user interface design, consumer enrollment, transaction processing, authorization, clearing and settlement—targeting domestic or globally interoperable mobile money services.

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