Visa has launched a mobile phone payments platform, laying the foundation for the commercial availability of mobile payments and services to mobile phone users around the world.

Visa has developed the mobile payment enablement platform in collaboration with a number of diversified mobile technology companies, including Nokia, Cassis International, Ecrio NXP Semiconductors (formerly Philips), Giesecke & Devrient GmbH (G&D), Venyon, IBM VeriSign INSIDE Contactless, ViVOtech, and mFormation Technologies.

Visa says the move is designed to encourage collaboration between the financial services and mobile telecommunications sectors for the delivery of mobile payment applications and payment related services.

The platform comprises a suite of technology tools and applications, security standards, and business models that enable Visa issuers and mobile operators to undertake market trials to develop a commercialise mobile payment services

"The launch of the mobile platform is a significant industry milestone because it will enable innovative trials and go-to-market strategies for mobile payment services globally," says Patrick Gauthier, senior vice president of innovation at Visa International.

Unlike other solutions available in the mobile application market today, the platform is designed to make it easier for Visa issuers, mobile operators and technology providers to offer services such as mobile contact-less payments and mobile coupons. At a later date Visa will make available remote payments, person-to-person payments as well as account management services that enable consumers to better monitor account activity and manage their funds.

Visa, has earlier been involved in mobile payment trials in the US and Malaysia.

According to the company, the new platform is flexible and complementary to existing technologies, ensuring seamless integration with global wireless technology and payments infrastructures.

"In its current nascent stage, the mobile payment ecosystem is complex and presents a challenge for those considering entering this new space," said Mary Ann O'Loughlin, senior vice president, consumer practice, Ovum, North America, an analyst and consulting company.

"By developing the mobile platform and engaging key industry stakeholders, Visa is leading the charge to simplify and jump-start the development of innovative mobile payment services," O'Loughlin adds.