Monitise and Visa Europe are developing mobile payment services

Wed 13 Mar 2013

Monitise and Visa Europe have signed a new agreement for a period of three years. Purpose of the agreement is the development and use of mobile payment services and solutions in the field of mobile commerce for the leading European financial institutions.

The main terms of the agreement, which includes licensing rights to all kinds of mobile technologies of Monitise, is that the minimum income of Monitise for the first three years should be 45 million British pounds with the potential for income growth in the future.