Last week’s purchase by Visa of Cape Town-based mobile payments company Fundamo in a US$110m all-cash deal demonstrates clearly how the race is on to provide electronic financial services using cellphones, especially in emerging markets
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Last week’s purchase by Visa of Cape Town-based mobile payments company Fundamo in a US$110m all-cash deal demonstrates clearly how the race is on to provide electronic financial services using cellphones, especially in emerging markets
Barely a decade after he sold his Cape Town Internet security business Thawte Consulting to the US’s Verisign for US$575m, software billionaire Mark Shuttleworth has hit pay dirt again in this week’s acquisition by Visa of local mobile