** Mobile-banking-software maker Monitise Plc's falls 8 pct, down for the second day after Visa Europe cutsstake in co
** Bottom performer on the FTSE AIM Telecommunications Index and third most traded stock on the London StockExchange
** Co said on Wedndesday that Visa Europe Limited had cutits stake to 3.88 pct
** On Aug 11 Visa Europe reduced the number of shares itowns to about 85.4 mln from about 90.4 mln
** The stock slumped to a 6-yr low in July when Visa Europesaid it planned to further cut its stake in the co
** Visa Inc said in Sept last yr that it would divestits stake co and pursue development of its own mobile paymentsystems
** Founded in 2003, Monitise linked banks and mobileoperators, building a business capable of handling more than$101 billion a year in transactions. However, it has faced toughcompetition from the free mobile payment systems offered byGoogle and Apple
(Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)