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Visa Inks $13 Million Deal With Monitise For Mobile Payments

Tricia Duryee

Friday, July 3, 2009 - 13:32

London-based Monitise, a mobile banking company, said it has signed a five-year deal with Visa worth $13 million.

As part of the deal, Visa will take a 14.4 percent stake in the company and have the option of taking a seat on its board, reports the WSJ. In addition to the contract, Visa will pay ongoing license, service and development fees. Release.

Read the full story by clicking the link below
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/02/AR2009070202781.html

Tags: EMEA

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