Visa is developing mobile payments software for handsets running Google's Android mobile phone operating system.
The application will initially be available to download on Android handsets carried by Chase Visa cardholders in the US. Other US Visa issuers are expected to follow.
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Users of the mobile payments service will be sent transaction notifications and promotional offers from merchants.
The service will also use Android's in-built location-based technology to inform Visa customers about nearby retailers that can redeem offers. They will also be able to locate their nearest ATM using the system.
In addition, Visa is developing a payments application that will enable its customers to make contactless mobile payments in shops using Nokia handsets.
The first Google Android handset was launched by T-Mobile in the US this week. It will be available to customers from next month.