Monitise fund raising gets Visa backing

Mobile banking technology firm Monitise is to get support from Visa Europe and Visa International for its recently announced fund raising.

Mobile banking technology firm Monitise is to get support from Visa Europe and Visa International for its recently announced fund raising.

Visa Europe has agreed to subscribe for 45.25m Monitise shares while Visa International Service Association, a subsidiary of Visa, has signed up for 7.64m shares; both agreements are at a subscription price of 28.25p each.

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