Fiserv is reported to have agreed to buy embattled UK financial services technology firm Monitise for £70m ($88.72 million). AIM-listed Monetise, worth about £2bn at its peak in early 2014, blazed a trail by linking banks and mobile operators to build a business capable of handling billions of dollars in mobile payments, purchases and money [...]
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Its all change for Visa at the moment, having divested out of Monitise and yesterday announcing the mothballing of V.me, it has now closed its mobile payment venture in India after claiming that leading telecom companies refused to share their network. The company Movida India, the joint venture that Visa had formed five years ago in [...]
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Monitise has announced that Elizabeth Buse, chief executive, is leaving the company after it reported a full year pre-tax losses of £227.4m in 2015, up from £63.4m a year earlier. Ms Buse had taken sole charge of the company in March, after Alastair Lukies, founder and then co-chief executive, left his position following a strategic review. [...]
Monitise has been notified by Visa Europe that it will reduce its shareholding over time while continuing to work with the Company throughout the duration of its current commercial agreement. Visa Europe has been a beneficial shareholder in Monitise since October 2011. Visa Europe currently holds 115,750,000 shares, which represents 5.3% of Monitise’s issued share [...]