1st Jul 2013 07:00
1 July 2013
Monitise announces mobile money partnership with Telefónica
Monitise plc (LSE: MONI) is delighted to announce it has become the preferred Mobile Money technology partner for Telefónica Digital to develop and manage new and existing mobile payment and commerce services for its customers.
The two companies have entered a five-year agreement involving substantial minimum revenues to Monitise. The initial focus of the partnership will be in the UK.
The total minimum revenues are not dissimilar to those recently announced in the Group's new partnership with Visa Europe, Europe's largest payments processor, and underpin Monitise's revenue expectations for the 2013 financial year and future growth expectations.
Monitise Chief Executive Alastair Lukies said: "We are delighted to be working with Telefónica, one of the 50 largest companies in the world, pooling our shared experiences and innovations in new ways to create even more compelling secure Mobile Money services that are easy for consumers to use, every minute of every day."
Lukies added: "This new partnership leverages our Mobile Money platforms, products and assets. Successful mobile commerce, whether local in-market solutions or global services, is ultimately about collaboration. Partnerships like this show how we are at the heart of the accelerating convergence via mobile between the offline and digital worlds of banking, payments and commerce."
The full announcement regarding the partnership with Telefónica Digital can be accessed via the following link: http://www.monitise.com/news.
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money.
Already over 20 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything' accounting for over $30 billion of payments, purchases and transfers annually. More information is available at www.monitise.com.
For further information
Monitise plc Tel: +44(0)203 657 0900
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Brad Petzer, Chief Financial Officer
Mike Keyworth, Chief Operating Officer
Investor Relations
Haya Herbert-Burns, Andrew Griffin Tel: +44(0)203 657 0366
Media Relations
Gavin Haycock Tel: +44(0)203 657 0362
Canaccord Genuity
Simon Bridges Tel: +44(0)20 7523 8000
Cameron Duncan
FTI Consulting Tel: +44(0)20 7831 3113
Charles Palmer
Jon Snowball
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