Recently-floated Virgin Money has struck a seven-year agreement with Monitise to develop a suite of digital, mobile banking services.
Santander, Telefonica and MasterCard are to invest £49.2 million in Monitise, providing a welcome boost to the London-based mobile money outfit after Visa decided to sell off its stake in the company.
Monitise (LSE: MONI), a global leader in Mobile Money – banking, paying and buying with a mobile device – today announces a new partnership with Ziraat Bank, one of Turkey’s most well-established financial institutions, and the launch of the bank’s new mobile service on iOS and Android.
Turkish Airlines, working with Monitise (LSE: MONI), a global leader in Mobile Money, has launched a new suite of mobile apps, now available for iOS, Android, Windows Phone 8 and HTML5. Turkey’s national carrier serves nearly 100 countries and carries over 39 million passengers every year.
Turkey's Isbank has enabled Apple's TouchID fingerprint log-in for mobile banking on the iPhone.
BlackBerry Limited (NASDAQ: BBRY; TSX: BB), PermataBank and Monitise (LSE: MONI) today announced the forthcoming availability of its BBM Money service for smartphones running on Android, iOS and BlackBerry platforms.
Shares in Monitise plummeted more than 25% in morning trading on news that Visa is "considering its options" on its 5.5% stake in the mobile money firm.
Monitise has posted a 31% rise in full year revenue but the mobile money firm's Ebitda losses widened as it took a short term hit on a decision to overhaul its business model.
Monitise plc (LSE: MONI.L) (“Monitise”, the “Company” or “Group”) announces the following Board and Executive Management changes.
Mobile money firm Monitise is transferring its UK professional services staff to IBM as the two firms ramp up their alliance.
© Finextra Research 2014