Monitise Raises £49.2 Mn from Telefonica, Santander and MasterCard

Monitise recently announced the expansion of its commercial relationships with the Santander Group, the Telefónica Group and MasterCard Inc. This would support the development and accelerated rollout of its global platform capabilities. Alongside this, IBM has agreed to deploy its cognitive computing engine, Watson, in support of Monitise’s new technology platform. Monitise also announced an agreed £49.2 million in aggregate investment by the three companies touted as ‘Strategic Partners’.

The investment proceeds will be used for business ...

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