07/11/2011
By Scott Thompson
Visa Europe is investing £24.7 million in mobile money outfit, Monitise. It has also put its president and chief executive, Peter Ayliffe, on Monitise’s Board of Directors.
Earlier this year, the two companies inked a deal to develop and supply mobile payments services for Visa Europe’s member banks and financial institutions across Europe. Monitise also has an existing global alliance agreement with Visa, an independent company to Visa Europe. Monitise group chairman Duncan McIntyre comments: “We look forward to working more closely with Visa Europe to develop innovative, bank-grade, value-creating payment solutions for its member banks and partners. We remain excited about our new relationship with FIS and how we are taking advantage of increasing opportunities in mobile money. The strength and breadth of the partnerships built over several years are key validations that our strategy is delivering for our clients and partners worldwide across developed, hybrid and emerging markets."
"As we continue to grow our business, we are delighted to welcome Peter Ayliffe to the Board of Directors. With such an extensive background across the banking and payments industries, Peter’s proven leadership and industry acumen will be a great asset as we increase our global footprint in mobile money. Our strategy is to execute on the opportunities before us, creating value for our customers, partners and shareholders alike," he adds.
