Monitise, Telefonica Team Up for Mobile Money In UK

Monitise and Telefonica have agreed to a new partnership to develop a global platform for facilitating mobile payments, reported Finextra. Monitise will create the platform for Telefonica Digital’s mobile commerce services. The partnership will begin with a concentrate on services for the UK.

“Successful mobile commerce, whether local in-market solutions or global services, is ultimately about collaboration. Partnerships like this show how we are at the heart of the accelerating convergence via mobile between the offline and digital worlds of banking, payments and commerce,” said Alastair Lukies, CEO of Monitise.

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