First Global Data Ltd. and AnalytixInsight Inc. signed a letter of intent to establish a strategic business relationship between the companies. The companies intend to work together on initiatives which include: First Global will white label its mobile payment app for use by AnalytixInsight; AnalytixInsight will leverage its partnerships with organizations such as Samsung and Intesa Sanpaolo, to expand First Global's mobile payments services across Europe and elsewhere as determined by the Parties in a revenue sharing model. Intesa Sanpaolo - one of Italy's banks with a market cap of over EUR 45 billion - has shared ownership in AnalytixInsight's subsidiary Marketwall.

Under the partnernership, Intesa Sanpaolo will migrate approximately 8 million mobile banking users in 8,000 retail branches to Marketwall's mobile platform across five European countries, to provide a range of mobile payment services; First Global to embed the AnalytixInsight stock trading app in its mobile deployments in India, and elsewhere as determined by the Parties. First Global has a partnership with Vijaya Bank - one of India's nationalized banks with over 2,000 branches - to deploy mobile payment services to Vijaya Bank account holders. First Global will introduce and offer AnalytixInsight's stock analytics services to clients and partners in a per-transaction shared revenue model.

AnalytixInsight will introduce and offer First Global's mobile wallet services to their clients and partners in a per-transaction shared revenue model; First Global's mobile payment technology to be the exclusive mobile payment technology to be used by AnalytixInsight; and AnalytixInsight stock analytics technology to be the exclusive stock analytics technology to be used by First Global.