Visa Europe to sell down remaining Monitise stake

Visa Europe will reduce its 5.3 per cent stake in Monitise, a move that is consistent with the credit card giant’s previous statement and the mobile money vendor’s disappointing performance. The card firm said it will see out a three-year commercial …

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Monitise revises FY2015 revenue downward

Struggling mobile money firm Monitise said full-year 2015 revenue is expected to be between £88 million and £90 million, down from its previous forecast of between £90 million and £100 million. The firm, whose financial year ended 30 June 2015, …

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Banco Santander, Monitise to set up JV

Spanish banking giant Banco Santander and Monitise, the struggling UK mobile money vendor, will launch a 50-50 joint venture later this year to back promising firms in the financial technology sector. Monitise will benefit from a multi-million pound upfront licence …

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Monitise goes it alone following strategic review

Monitise said that following its strategic review, it will continue as an independent company, although several changes have been made to its board. In a statement, it was said that the conclusion of the review was that “the best way …

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“Multi-million” dollar wins lend a hand to hard-pressed Monitise

Struggling mobile money firm Monitise received a much-need lift from two contract wins — one described as a top 10 US financial institution, and another with a global company which will deploy Monitise’s digital banking technology for its client. Monitise, …

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Monitise in “constructive” talks with potential buyers

Following a strategic review in January, UK mobile money firm Monitise has had “many constructive discussions with market-leading players” about taking over the business. Credit card firms, software vendors and system integrators are all possible candidates, Reuters has quoted Jefferies …

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Monitise to undergo strategic review; warns on full year revenue

UK mobile money firm Monitise has appointed Moelis & Company to help review its “strategic options”, which include consideration of corporate transactions and stock market listing options, as it announced that it expected FY2015 EBITDA losses of around $60-76 million. …

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Monitise to provide mobile banking for Virgin Money

UK mobile money tech firm Monitise has bagged a seven-year deal with Virgin Money to work on parts of the bank’s digital services, as well as providing its customers with mobile services. Monitise has already been working with Virgin under …

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Monitise bolstered by new backers —Telefonica, MasterCard and Santander

UK mobile money firm Monitise bounced back from the potential loss of Visa as a shareholder by unveiling MasterCard, Telefonica and Santander as new backers to support the rollout of its global platform. The UK firm also announced a further …

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