Visa Europe (VE) has notified Monitise that it intends to reduce its 5.3% stake in the company over time. VE and Monitise will continue to work together until March 2016, and will assess opportunities to work together on an ongoing basis. If the relationship continues after that date, we would expect a shift from the customised platform approach to Monitise’s new cloud platform. We make no changes to our estimates.
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Visa Europe reducing stake
Visa Europe (VE) has notified Monitise that it intends to reduce its 5.3% stake in the company over time. VE and Monitise will continue to work together until March 2016, and will assess opportunities to work together on an ongoing basis. If the relationship continues after that date, we would expect a shift from the customised platform approach to Monitise’s new cloud platform. We make no changes to our estimates.