Monitise welcomes Visa Europe announcements

18 January 2012

Monitise welcomes Visa Europe announcements on future of payments

Monitise plc (LSE: MONI.L), the technology and services company delivering mobile banking, payments and commerce networks worldwide, notes the announcements released by its strategic partner Visa Europe, predicting that by 2020 over half of all Visa transactions in Europe will be on a mobile device.

"The surge in mobile payments and transactions anticipated by Visa Europe mirrors the trend Monitise is seeing across its business. On a current weekly annualised basis, the value of mobile payments and transfers across the Monitise technology platform is over £6 billion and rising," said Monitise Group Chief Executive Alastair Lukies.

In October 2011, Visa Europe announced a strategic investment of £24.7m in Monitise plc to strengthen the commercial partnership between the two companies which began in February 2011.

The announcements issued by Visa Europe can be found below.

Contacts:

Monitise Group Tel: +44 (0) 20 7947 4300

Alastair Lukies, CEO

Lee Cameron, CCO

Mike Keyworth, COO

John Brougham, CFO

Gavin Haycock, Communications Director

Evolution Securities Limited (NOMAD) Tel: +44 (0) 20 7071 4300

Garry Levin 

Canaccord Genuity Limited Tel: +44 (0) 20 7050 6500

Simon Bridges

FTI Consulting Tel: +44 (0) 20 7831 3113

Charles Palmer

Jon Snowball

About Monitise:

Monitise plc (LSE: MONI.L) is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets.

With live services in the UK, the US, India and Africa, the company is working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including Europe, Asia Pacific and Latin America. Monitise has a global alliance agreement with Visa Inc. and strategic partnerships with Visa Europe, RBS Group and FIS. Other leading partners and clients include HSBC, Lloyds Banking Group, First Direct, U.S. Bank, Standard Chartered Bank, Travelex, Vocalink, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, Best Buy Europe, The Carphone Warehouse, First Eastern, Astra, JETCO and PCCW mobile.

More information is available at www.monitisegroup.com.

The Visa Europe announcements can be accessed via the links below;

Visa Europe sees double digit growth with €1 in every €7 spent in Europe on a Visa card

http://www.visaeurope.com/en/newsroom/news/articles/2012/%E2%82%AC1_in_every_%E2%82%AC7.aspx

£1 in £3 in the UK now spent on Visa cards, fuelled by growth in debit and ecommerce spend

http://www.visaeurope.com/en/newsroom/news/articles/2012/%C2%A31_in_%C2%A33_in_the_uk.aspx