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June 26, 2013updated 04 Apr 2017 4:11pm

Lloyds Bank makes deal with Monitise

Lloyds Bank has joined forces with mobile payments provider Monitise to develop a range of mobile card acceptance solutions for small businesses in the UK.

By Imogen Rayfield

Lloyds Bank has joined forces with mobile payments provider Monitise to develop a range of mobile card acceptance solutions for small businesses in the UK.

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This partnership follows the launch of Monitise’s mobile point of sale services in May.

Aidene Walsh, managing director of cards and transaction banking at Lloyds, said: "There are more than 3.5 million sole traders in the UK who are missing out at the moment because they do not have access to existing mobile payments technology and we want to plug that gap with a service that is low cost and easy to use."

Monitise Group chief commercial officer Lee Cameron added: "mPOS is changing the way businesses manage their money as payments go mobile. Market forecasts indicate that it’s going to shake up the payments industry as we know it, creating a fundamental shift in how banks service their customers."

The suite of mobile payment products are scheduled to be offered from autumn 2013.

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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