Monitise Extends Leadership in Mobile Money Marketplace With Tripling in Payments and Transfers and Registered Global Users Over Past Year
(Marketwire Via Acquire Media NewsEdge) SAN RAFAEL, CA -- (Marketwire) -- 02/25/13 --
Monitise plc (LSE: MONI), the leading technology and services company delivering mobile banking, payments and commerce networks worldwide, is speaking at Mobile World Congress (MWC) 2013 in Barcelona, having tripled the value of payments and transfers over its technology platform, live transactions and registered users in the last year, reaching an all-time high for the company in each category.
The value of payments and transfers initiated via the Monitise Enterprise Platform is now more than $31bn on an annualized basis, compared with $10bn a year ago. The global Mobile Money business is handling 2bn transactions on an annualized basis, compared with 0.48bn in February 2012, underpinned by registered customers climbing to 20m from 6m in January 2012. North America is a significant market for Monitise with 10m direct registered end users.
Commenting on the uplift in payments and transfers managed by the Monitise Enterprise Platform and growing customer base, Monitise Group Chief Executive Alastair Lukies said: "Our growth over the past year is a clear indicator of the value we deliver for our clients and their customers. We're deeply committed to delivering Mobile Money solutions that translate into customer acquisition and retention, reduced costs and new revenue opportunities for banks in the US, Europe and around the world."
Monitise is joining Visa Inc. in a press briefing and partner panel discussion at MWC to showcase the next generation of mobile payments technology being developed by the world's largest consumer payments network and its partners. Visa, in collaboration with partners such as Monitise, is making Mobile Money a reality for consumers around the world, transforming the way people, bank, pay and buy.
During MWC on February 25-28, Visa will unveil the latest mobile payments and services at its exhibition stand in hall 6, stand 6E40 with a press briefing and panel event on Monday, February 25 to announce new Visa mobile initiatives. The panel is being moderated by Bill Gajda, Head of Global Mobile Products for Visa Inc. and includes Jim McCarthy, Global Head of Product, Visa Inc. Joining them will be Lisa Stanton, EVP Payments, Monitise.
"As our business continues to build its momentum, we're delighted to be joining Visa in Barcelona at Mobile World Congress to discuss the role mobile is playing in shaping the future of payments. We know from our experiences with Visa and other leading businesses around the world how important mobile technology is to helping financial institutions and payment processors provide new payment solutions via mobile as money becomes increasingly digitized," said Stanton.
She added: "Visa is a benchmark brand for trusted payments innovation globally and we are honoured to be playing our part in delivering its mobile technology roadmap and creating new ways for consumers around the world to pay anyone and buy anything via their mobile."
Monitise and Visa Inc. have been working together since 2009. Monitise's expertise in customizing mobile applications across a broad range of phone models and operating systems enables Visa to virtualize its existing accounts on mobile phones and offer Visa account holders globally a new array of payment types.
Innovations that Monitise is delivering as it supports Visa's mobile strategies in terms of acquiring new accounts, activating existing accounts, protecting core revenue and accelerating the move towards digital payments include:
Ongoing functionality enhancements to the Visa DPS Mobile Card Management Services that launched last year, for prepaid and debit issuers. DPS debit and prepaid issuers continue to adopt the specialized service, laying the foundations for mobile payments and mobile commerce solutions. Monitise developed and operates the service for DPS, the largest issuer processor of Visa transactions in the US. Developing a Remote Payments Platform to bring innovative mobile payments capabilities to hybrid markets around the world. The platform technology has launched under the Movida brand in India, the second-largest mobile market in the world with more than 900m mobile subscriptions. Movida is a joint venture between Visa Inc. and Monitise, and allows registered customers to top up their mobile phones, pay bills, and purchase tickets, all via a ubiquitous user interface that works with virtually every mobile phone in the marketplace. Collaboration on Visa PayWave, Visa's contactless payments application, in conjunction with the recently announced "Visa Ready Partner Program", which is available to Visa issuers globally to enable their entry and evolution of card payments to mobile payments. The solution, which has been customized for the most popular smartphones in the market, has been integrated into Visa's trusted manager service. V.me, Visa's new wallet service which has been designed to take the friction out of commerce, regardless of where consumers shop. Monitise is supporting Visa's product development of V.me by creating the mobile wallet for smartphones that extends their ecommerce acceptance to mobile devices.
Beyond a long-standing relationship with both Visa Inc. and Visa Europe, Monitise works with more than 300 banks and financial institutions and an increasing array of partners positioning to adopt new mobile banking, payments and commerce services. Monitise has also recently entered a series of new partnerships with businesses such as Cognizant, CGI and on-demand ecommerce provider Venda.
Notes to Editors:
The Visa press briefing and panel event can be accessed through the following link: http://livestre.am/1hLDm.
Members of the press interested in arranging Monitise executive interviews, please contact Gavin Haycock +44 (0) 20 3657 0362: email@example.com
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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Source: Monitise plc
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