The company reports over 23 million registered users to the Monitise platform in 2013, with payments and transfers initiated via Monitise-powered technology worth USD 40 billion on an annualised basis. The same trading update indicates that at the end of the financial year 2013, Monitise’s had GBP 85.6 million net cash in hand.
In recent news, Movida, the mobile payments joint venture between Visa and Monitise, has closed a deal with Indian financial services provider ICICI Bank to utilize Movida’s mobile payments service for the bank’s customers.
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