Monitise has signed a five year strategic
partnership agreement with FIS to create mobile money services for
existing and new clients.
The deal is a licensing, development and services agreement
aiming to allow FIS to use Monitise’s mobile banking and payments
technology and helps deepen and strengthen the existing
relationship between the two businesses.
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FIS and Monitise said they have created an agile mobile
development and deployment team that will help banks and other
financial institutions defend and extend their role in the payments
industry by creating secure and innovative new products and
services.
Alastair Lukies, CEO of Monitise said:
“We are delighted to now be entering a new strategic
partnership, which will complement FIS’s role as a ‘go-to’ partner
for financial institutions in the fast-growing and innovative
mobile money marketplace”
The announcement comes after Monitise bought out FIS’s 50% stake
in the two company’s US joint venture in October with FIS taking a
3.3% equity stake in Monitise.
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