26th Feb 2015 09:21
LONDON (Alliance News) - Mobile banking software provider Monitise PLC saw its shares rise Thursday after it announced two major multi-year, "multi-million dollar" contract wins.
In its statement Thursday, Monitise did not specify the value of the contracts or the name of the companies the contracts are with.
The company said that one of the contracts is with a "top 10 US financial institution", which represents an extension to its existing relationship with the client, while the other contract is with a "major European financial institution". Monitise said its will be working with a global partner to deploy its digital banking services in multiple countries for the European financial institution.
Monitise shares rose 6.3% to 22.05 pence on the back of the announcement.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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