Virgin Money has signed a seven-year agreement with Monitise to help develop elements of the bank’s future digital banking services.
Under the deal, Monitise will also provide its customers with advanced mobile solutions.
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Jayne-Anne Gadhia, CEO of Virgin Money, said: "Mobile is an important banking channel that will help us maintain our growth momentum, and our partnership with Monitise and its network of partners will support us as we grow."
Alastair Lukies, co-CEO at Monitise, added: "There are significant opportunities ahead for Virgin Money in the digital space. We’re looking forward to supporting the bank across a number of exciting initiatives in its journey to transform the way consumers can manage their money."
Monitise’s Mobile Money network connects many organisations, including those from banking, payments, mobile and other sectors, to consumers via its Bank Anywhere, Pay Anyone and Buy Anything product suite.
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