RBS inks deal for mobile apps

ROYAL Bank of Scotland has penned a deal with mobile banking specialist Monitise to expand its phone banking and payments services.

Monitise said the five year partnership will see it build new, more interactive mobile apps for RBS, NatWest and Ulster Bank customers, in an extension of existing ties between the two companies.

Shares in AIM-listed Monitise, which reports annual results this morning, rose 9.6 per cent on the news of the deal.

The firms did not reveal the value of the new contract.