(V) Visa Expands for Mobile Banking
Expanding its presence through mobile commerce, yesterday Visa Inc. (V) acquired Fundamo, a South-Africa based leading software maker for mobile banking services in more than 40 countries, in an all-cash deal of $110 million. The transaction is expected to be marginally dilutive to the fiscal 2011 earnings that end on September 30. With more than [...] (V) Visa Expands for Mobile Banking
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