LONDON-- Mobile phone payments technology group Monitise PLC (MONI.LN) Tuesday said US payment card company Visa Inc's (V) shareholding in the company has fallen below 3%.

Monitise shares at 1143 GMT, down a penny, or 1.6%, at 30 pence valuing the company at GBP639.5 million ($1 billion).

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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