In October 2006, HSBC and First Direct launched MONILINK,[11] a mobile banking service developed jointly by Monitise and LINK.

The deal, which enables VISA Europe to license all of Monitise's mobile money technology, covering three product areas: Bank Anywhere, Pay Anyone and Buy Anything.

Later that month, Monitise announced an alliance with IBM's Smarter Commerce initiative to help extend its mobile banking services to VISA Europe.

[24] In February 2014, Monitise acquired Istanbul-based mobile technology specialist Pozitron, listed as one of the top 10 fastest growing businesses in Turkey by Deloitte.

[25] In March 2014, Monitise and MasterCard announced a commercial agreement to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions.

[26] In June 2014, Monitise acquired Markco Media's leading retailer offers, content and discount network, which includes the MyVoucherCodes brand.

[27] In July 2014, Monitise signed an agreement with IBM to develop a data, analytics and machine learning driven customer experience solution aligned with the IBM Next Best Action Signature Solution[28] (Data, Analytics, Reporting, Commerce, Experience, and Mathematical Optimisation) and to underpin their white label mobile banking platform.

Monitise retained customer contracts, IP, and commitments, while cutting its global workforce by over 20%, aiding cost reduction efforts for profitability in 2016.

IBM would host, enable, and sell Monitise’s technology as a cloud-delivered offering, initially targeting financial services but expanding to other sectors.