Monitise signs five year deal with RBS

31st Aug 2011 08:24

Monitise, the mobile payments company, has announced a five-year deal with the Royal Bank of Scotland (RBS) group, broadening its relationship with the state-owned lender.The agreement will see Monitise provide smart phone apps (applications) for all of RBS's divisions, including Natwest in the UK and Citizens Bank in the US."The integrated technology is fully flexible and lets the bank optimise every app to take advantage of what advanced handsets can do," enthused Will Jones, General Manager for Monitise's RBS partnership."There are 5.5 billion mobile phones globally and organisations that understand and utilise that channel best are going to get closer to their customers," predicted Monitise's Group Chief Executive, Alastair Lukies.Monitise shares were up just shy of 3% in early trading on news of the RBS tie up.BS