Monitise announces commercial agreement with Visa Europe

Monitise

Partnering Visa Europe

Monitise has completed its contractual mcommerce agreement with Visa Europe after its initial announcement on March 6th. Under terms of three-year commercial partnership, the focus will be on development and deployment of Mobile Money Payments and mobile commerce solutions.

Moreover, Monitise have also granted Visa Europe warrants to purchase ordinary shares as part of the deal.

Visa Europe initiated a USD37m (GBP24.7m) investment in Monitise in October of 2011. 

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