UK mobile payment outfit Monitise has provisionally entered a new three-year agreement with Visa Europe guaranteeing a minimum of EUR45 million in revenues over the course of the term.
for a minute there i thought Monetise was going to be generating some revenues !!!!! then i read it was one of the shareholders putting in some money in, in a clever way, to get some share options... (i think)
Will consumers actually use the service? can anyone from Monetise explain this deal so it makes sense to someone who was not part of fabricating it? Maybe I left my clever brain at home today?
© Finextra Research 2013