Monitise Welcomes Visa Europe’s New Mobile Payment Services

Monitise Welcomes Visa Europe’s New Mobile Payment Services

September 28, 2011

Member Press Release

Monitise plc (LSE:MONI), the technology company delivering mobile banking, payments and commerce networks worldwide, welcomes today’s announcement from Visa Europe regarding its launch of Person-to-Person payments and alerts services.

Visa Mobile Person-to-Person Payments and Visa Alerts have been developed by Visa Europe in partnership with Monitise, the first of many services that will be made available through the partnership announced in early 2011.

Visa Mobile Person-to-Person payments allow registered users to transfer funds to any Visa cardholder in Europe from their mobile phone. In addition, the new Visa Alerts service will notify registered Visa cardholders on a real-time basis whenever their card has been used to make a purchase or to withdraw cash through Visa Europe’s payment network.

Welcoming the new services from Visa Europe, Al Lukies, Monitise Group Chief Executive, said: “Mobile Person-to-Person payments signal a step change in the fast growing Mobile Payments industry.

“Today’s announcement is a strong indication of where Mobile Money is headed and Monitise has been proud to play our role in partnering with Visa Europe in the development and delivery of these new services. We look forward to helping Visa Europe pioneer more innovative Mobile Money solutions in the future.”

For the full Visa Europe announcement, please click here

About Monitise

Monitise plc (LSE: MONI.L) is a technology company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets.

With live services in the UK, the US, India and Africa, the company is working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including Europe, Asia Pacific and Latin America. Monitise has a global alliance agreement with Visa Inc. and a strategic partnership with Visa Europe. Other leading partners and clients include FIS, RBS, NatWest, HSBC, Lloyds Banking Group, First Direct, U.S. Bank, Ulster Bank, Standard Chartered Bank, Travelex, Vocalink, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, Best Buy Europe, The Carphone Warehouse, First Eastern, Astra, JETCO and PCCW mobile.

More information is available at www.monitisegroup.com

Contacts:

Stuart Disbrey, Bell Pottinger Business & Brand
Direct dial: +44 (0) 20 7861 2495
Mobile: +44 (0) 7789 500465
sdisbrey@bell-pottinger.co.uk

Krissy Koslicki, Bell Pottinger Business & Brand
Direct dial: +44 (0) 20 7861 2849
Mobile: +44 (0) 7717226297
kkoslicki@bell-pottinger.co.uk

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