Monitise plc (LSE: MONI) announces that it has partnered with another leading UK financial institution to help develop a series of Mobile Money services as part of a three-year deal.
Monitise Group Chief Commercial Officer Lee Cameron said: “In line with our planned growth, we are delighted to be supporting yet another financial institution in developing bank-grade compelling Mobile Money services. With the Mobile Money landscape fast becoming a battleground for consumer loyalty and share of wallet, we remain convinced that trusted financial services brands belong at the centre of the ecosystem.”
In the UK, Monitise already provides Mobile Money services to many of the leading banks and payments companies. Earlier this month, Monitise was named ‘Best Technology Supplier 2012’ by Royal Bank of Scotland Group.
Beyond its international strategic partnerships with Visa Inc., Visa Europe, RBS and FIS, Monitise works with more than 300 banks and financial institutions around the world and an increasing array of partners positioning to develop and deploy new mobile banking, payments and commerce services.
Other recent partnerships by Monitise include leading technology and financial services companies Cognizant, CGI, on-demand ecommerce provider Venda as well as BlackBerry, via a person-to-person mobile payments launch in Indonesia.
About Monitise
Monitise plc (LSE: MONI) is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payment companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.
Monitise powers bank-grade solutions that are delivered on premise, or via cloud services. The value of payments and transfers initiated via Monitise’s platform technology is more than US$31bn on an annualised basis. Monitise has a global reach and unique set of partners and clients using its completely adaptable Monitise Enterprise Platform. More information is available at www.monitise.com
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Monitise plc
Duncan McIntyre, Chairman
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Mike Keyworth, Chief Operating Officer
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Canaccord Genuity
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