Monitise Snags Asia Pacific JV Partner

In a deal worth about £11.25 million in shares, UK-based mobile money firm Monitise has decided to buy partner First Eastern from their Asia Pacific joint venture, according to a company press release.

Approximately three years ago, Monitise united with First Eastern “in a bid to crack the Asia Pacific market.”

For more details on Monitise’s purchase, click here for the complete report.