Reuters reports that mobile banking specialist Monitise said it would raise £32.4 million through a share placing and subscription, and extend its partnership with credit card giant Visa by a year, sending Monitise’s shares up as much as 12 percent. Monitise plans to use the proceeds to expand its footprint in the Asia-Pacific and Indian regions. Visa’s stake in Monitise would increase to 14.4 percent from 12.6 percent following the completion of subscriptions.
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