Monitise welcomes Visa Europe announcements on future of payments

Monitise, the technology and services company delivering mobile banking, payments and commerce networks worldwide, notes the announcements released by its strategic partner Visa Europe, predicting that by 2020 over half of all Visa transactions in Europe will be on a mobile device.

“The surge in mobile payments and transactions anticipated by Visa Europe mirrors the trend Monitise is seeing across its business. On a current weekly annualised basis, the value of mobile payments and transfers across the Monitise technology platform is over £6 billion and rising,” said Monitise Group Chief Executive Alastair Lukies.

In October 2011, Visa Europe announced a strategic investment of £24.7m in Monitise plc to strengthen the commercial partnership between the two companies which began in February 2011.