News Column

Monitise Says Technology Used In New Spanish Mobile Shopping Platform

June 12, 2014

Steve McGrath

LONDON (Alliance News) - Mobile payments company Monitise PLC Thursday said its technology is behind Yaap Shopping, the Spanish mobile commerce service launched by an alliance of CaixaBank, Santander and TelefÓnica.

Yaap Shopping is a virtual mobile commerce service, in which retailers in Spain can generate revenue through digital interaction with consumers via offers, discounts and loyalty programmes within a cloud-based mobile commerce system. It also gives consumers the ability to buy on the move from local retailers.

Monitise didn't give any financial details about its involvement.

Monitise shares were down 0.8% at 64.25 pence early Thursday.

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Source: Alliance News

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