Monitise names former Visa executive as co-CEO

Monitise Plc has hired a former Visa Inc executive to co-run the company as it pursues a sevenfold increase in the number of customers using its mobile banking and payment systems. Shares of Monitise rose as much as 7.1 percent on Wednesday after the company announced the appointment of Elizabeth Buse as co-chief executive. Buse, 53, will work alongside Monitise's founder and current chief executive, Alastair Lukies. "Her joining gives a lot of credibility to Monitise as a business and to their claim of gaining market share," said Ali Khwaja, analyst at Berenberg Bank.



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