Monitise - a global leader in Mobile Money solutions
Monitise has had a significant confidence boost after Visa reduced its stake in the mobile payments company. Santander, Telefónica and MasterCard have agreed to invest a combined £49.2 million to accelerate the roll-out of Monitise’s platform in Mobile Money ecosystem. The investment proceeds will be used for business development activities and further acceleration of investment in the Group’s technology and working capital – ultimately increasing momentum for the on-boarding of partners and end-user adoption.
Monitise is the world leading expert in Mobile Money, delivering products to empower businesses and their consumers; helping them bank anywhere, pay anyone and buy anything on their mobile devices.
Monitise plc (LSE: MONI.L) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers, mobile networks and media owners use Monitise's technology platforms and services to securely connect people with their money in developed and emerging markets.
Monitise was founded in 2003 when CEO Alastair Lukies saw the potential of using the mobile phone for more than simply a text or call. He wanted to link banks and mobile operators, thereby empowering consumers to manage their finances or make payments directly from their mobile, anytime, anywhere.
From an innovative idea, Monitise has built the world’s first mobile banking, payments and commerce ecosystem. Today, we provide services to more than 350 financial institutions and other leading brands globally, have 30 million users and strategic partnerships with Visa Inc., Visa Europe, RBS Group, Telefónica Digital and FIS to develop and deliver Mobile Money services. We process 4bn mobile transactions annually to the value of $88bn.
With operations in the UK, the US, Turkey, India, Hong Kong and Indonesia, we are enabling trusted and secure mobile banking, payment and commerce solutions for clients and consumers everywhere.
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