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The Latest News, Industry Insights and Research Findings on Global Payment Markets

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26Mar/12

Mobile Banking: Monitise to Buy Clairmail

By Martin Schuppelius
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Payment Observer has details on multiple companies that provide funding, atm, and credit card processing services. Get more information and details here.

Clairmail for $173 million. The deal is still pending upon regulatory and shareholder approvals. It is expected that the Acquisition will be completed within the next two month.

Both companies provide mobile money services for financial institutions. The acquisition will give Monitise a boost in North America where Clairmail claims 1/3 of the top 50 banks as customers. Combined, Clairmail and Montise provide mobile banking, mobile payments and mobile commerce solutions for 13 million registered users processing billions of transactions worldwide.

Mobile banking and mobile money services are on the rise, Clairmail’s revenues grew by 90% in 2011 to $18 million. The growing market of mobile banking and mobile commerce attracts big payments players such as Visa which took over mobile financial service provider Fundamo for $110 million in cash.

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31Oct/11

Visa Europe Invests £24.7 Million in Mobile Banking Company Monitise

By Gary Merrett
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Monitise, a company providing mobile phone banking and payment technology. Visa Europe, which became independent of Visa Inc. in 2007, is investing £24.7 million in Monitise. As part of the subscription, Visa Europe President and Chief Executive Peter Ayliffe will join Monitise’s Board as a non-executive director.

Monitise and Visa Europe entered into a partnership in February 2011 to develop and supply mobile payments services for Visa Europe’s member banks and financial institutions. That partnership gives Visa Europe a licence to Monitise’s mobile banking technology. Monitise provides mobile banking, payments and commerce networks worldwide. In September this year, Visa Europe announced Visa Mobile Person-to-Person payments and Visa Alerts, two mobile payment services that were developed in partnership with Monitise.

Monitise believes the market opportunities for its mobile technology business are better today than at any time before. The companies Chief Executive Alastair Lukies stated: “Visa Europe’s investment in Monitise … establishes our role as the platform of choice for mobile money services in Europe. We are excited by the opportunities ahead for Monitise and the global mobile money industry as mobiles increasingly become the accepted new way to bank, pay and shop.”

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