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Published on: November 27, 2014

Commercial and financial tie-ups

Mobile money specialist Monitise has announced a significant deepening of its existing relationships with Santander, Telefonica and Mastercard, with each of the three extending their commercial ties with the group, and an associated collective investment of £49.2m at yesterday’s closing price of 30.5p. IBM’s Watson technology will also be brought to bear on the mobile money platform. The company has reiterated guidance for this year and 2018 targets of 200m users generating a £2.50 annual ARPU.

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