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.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.