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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Santander invests $5M in payment and loyalty app MyCheck

Santander, through the Santander InnoVentures Fund, has announced a $5 million investment in mobile payment and loyalty provider MyCheck, in return for a minority equity stake in the business, kicking off MyCheck’s Series B funding round. MyCheck, founded in Israel …

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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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