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Updated: Movida Inks Partnership With ICICI Bank For Mobile Payments

(By Nikhil Pahwa & Vikas SN) Added more information on USSD and forthcoming mobile apps below It's taken them around an year and half to do this, but Movida, the joint venture between Visa and UK based mobile payments solutions provider, Monitise, has closed a second deal. The timeline isn't very impressive: Movida was launched in May 2010, signed an agreement with HDFC Bank in Feb 2012, and now, in July 2013, has inked a deal with ICICI Bank. On a positive note, Movida now has two of India's largest private sector banks as partners, and offers their customers the ability to pay bills, top up prepaid airtime and buy movie tickets via USSD (only for GSM customers) and a voice portal. While Movida is backed by Visa, it supports all mobile networks, and both Visa and non-Visa cards. Earlier this year, Uttam Nayak, Group…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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