Monitise and IBM Partner to Boost Visa Europes Mobile Offering

IBM has partnered with Monitise to widen the scope of mobile payment services Visa Europe can offer to its 3,000 member banks.

Monitise signed a €45m three-year deal with Visa earlier this year, and the addition of IBM will help scale adoption and extend its existing mobile banking, payment and commerce offering. The partnership will also grant Visa access to IBMs Smarter Commerce customer insight portfolio, and push the development of additional services. 

“Visa recognises the specialist nature of making mobile services intuitive, convenient and relevant to the consumer, as well as meeting the need for interoperability across the scale and diversity of Europe,” said Steve Chambers, CIO at Visa Europe. “We are committed to making mobile commerce and payments ever easier by connecting consumers, member banks and retail businesses together through the globally trusted Visa network, and by working even more closely with a combined Monitise and IBM team, we are making this vision a reality.”

Visa predicts that by 2020, more than half of its transactions will be carried out on a mobile device.