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BRIEF-Visa considering options for stake in Britain's Monitise
September 18, 2014 / 8:22 AM / 3 years ago

BRIEF-Visa considering options for stake in Britain's Monitise

Sept 18 (Reuters) - Visa Inc :

* Visa to undertake assessment of stake in Monitise

* Assessment follows multi-year global alliance with monitise for mobile money platform development services

* Is considering its options with respect to investment and has engaged J.P. Morgan securities plc to assist

* Will also be lessening its dependence on external mobile development resources

* Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources Source text for Eikon: Further company coverage: [V.N MONI.L]

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