Monitise Third In Forbes Global Innovation List

Monitise in top three of Forbes' World's Most Innovative Growth Companies

Highest-ranked British company in international list

May 22, 2014: Monitise (LSE: MONI), a global leader in Mobile Money solutions, has been placed third in the Forbes list of 'The World's Most Innovative Growth Companies', making it the highest-ranking British company.

"To be classed as the one of the most innovative growth businesses in the world is a fantastic accolade and confirmation of the central place we've forged for ourselves in the Mobile Money industry," said Monitise Chief Executive Alastair Lukies. "This comes at an exciting time in the Monitise journey. In building a global network over the last ten years, we're positioned to lead the way in what we believe will be the biggest shift in financial services and shopping in a generation, taking our strong foundations and executing on our new business strategy that accelerates our presence and casts our net even wider."

In March 2014, Monitise announced it was accelerating its shift from a license-based business model to a subscription-based model, minimising upfront license or integration costs to customers. In doing so, the company aims to increase its registered users from 28 million today to 200m by the end of FY 2018, growing its user-generated revenue through mobile banking, payments and commerce.

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 28 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $71bn of payments, purchases and transfers annually. More information is available at www.monitise.com.