I dismissed this company as froth when I first looked at it. Since then the sp has doubled and continues to steadily rise. I looked again and when I saw the countries and contracts this firm is in---I was impressed and bought some to tuck away. anyone else bought in or interested?

Hi Toya, plenty of time as I think this is one to tuck away.

Visa's investment in Monitise is a major boost for mobile payments, according to Datamonitor

Visa and mobile banking player Monitise have announced a five-year strategic partnership that also sees Visa take a 14.4% stake in the company. A clear statement of intent on its plans in mobile payments, Visa will market a range of ready-to-go mobile products to its banks. However significant for the two companies, this is even more significant for the development of mobile payments as a whole.

Having emerged from the early days of mobile banking and payments as one of the few with an approach to the space that has ultimately proved workable, Monitise has developed a suite of SMS and mobile web-based services for use across several areas of banking and payments. Crucially, its business model has focused on being the central player in an ecosystem accessible by consumers using any bank, mobile operator, handset manufacturer, and other agent. As a result, it is rapidly building its base of customers using its services in the UK and US, as well as developing services in Africa and India.

Kieran Hines*, lead analyst at Datamonitor, observes: Visa has itself been active in developing and testing mobile payment offerings for some time. In Europe alone it has been involved in trials in the UK, Switzerland, France and Spain in 2009, in addition to several other developments in Malaysia, Australia, Singapore, Thailand, and the US.

This strategic relationship with Monitise will see Visa take these past trials a stage further by marketing existing Monitise services to its partner banks; significantly expanding the reach of Monitise's mobile services as well as Visa's own position in the mobile space. Services likely to be given immediate prominence include transaction alerts, on demand balance/available credit enquiries, recent transaction histories, mobile marketing offers, and money transfer applications.

Monitise offers these services in an online banking context at the moment, but only in a small number of markets. By applying this model directly to payment cards, Visa would be able to theoretically sell these products to all of its partner banks globally; a huge potential market development.

Hines looks ahead of the deal: Should Visa be successful in rolling out mobile services to partner banks (and through them, consumers), the consequences for the industry are huge. Mobile payments, for so long hamstrung by conflicts of interest between stakeholders, may move one step closer to being a mass market service. He adds: Equally, failure to get this off the ground could severely limit the impact that mobile has in the future of payments. Time will tell.

Datamonitor : 02/07/2009

http://www.smartcardstrends.com/det_atc.php?idu=9711

Reading "Home" on MoneyAM (today), and you can see that Marconi's Ghost is still present . . . . the RNS for this "Monitise plc" company ( DYOR), - - - - it appears that EPIC codes are re-used with undue haste.
-For a FTSE100 to have failed so spectaculary, the EPIC should enter a Graveyard - - - but even more surprising, is the acceptance by Monitise plc of the [MONI] EPIC . I mean, would you name your next cruise ship "Titanic" - of course not . . . . . and I shan't invest in Monitise, whatever their prospects.

I have held for nearly 2 years encouraged by regular releases, mentioning all the most prestigous names in finance .... however Moni never seem to make any money are they giving their services away? has anyone any idea why?

tipton

Rumours of a deal with VISA in china circulating atm.

DJ Monitise PLC Re: 3 UK & T-Mobile

TIDMMONI

RNS Number : 2146A

Monitise PLC

05 October 2009

?

Monday 5 October 2009

Monitise plc

Monitise increases distribution with mobile network operators T-Mobile and 3 UK

Monitise plc ("Monitise" LSE: MONI.L), the mobile money specialists, announces that it has increased its services and distribution in the UK of its multi functional Mobile Money Platform through new capabilities with longstanding partners T-Mobile and 3 UK.

3 UK will be the first UK mobile operator to enable its customers to access their web portal to register both for mobile banking by download application and also for text alerts.

This follows T-Mobile enabling customers to register for weekly alerts to receive text messages at a time of their choosing and be sent a message if their balance goes above or below a certain limit.

Alastair Lukies, Chief Executive Officer, Monitise commented:

"As we develop our open system model, partner banks and network operators are able to see the advantages of our multi access model to create new mobile money propositions for their customers. The new services with T- Mobile and 3 UK mean that our target of one million customers this year is looking well within reach."

Notes to Editors

1. Monitise signed a five year agreement in June worth a minimum of US $13 million to be Visa Inc's global development partner for mobile services. Visa Inc has 1.7 billion card-holders around the world.

2. Monitise plc (LSE: MONI.L) has created the world's first mobile money networks, which allow customers of multiple banks and mobile operators to perform banking and payment transactions directly from their mobile handset. With live services in the UK and in the USA, where it is in partnership with Metavante Corporation, the company is currently working with international partners to deliver similar safe, secure mobile banking and payment services in territories worldwide. Current key partners include VocaLink, FIS, HSBC, Lloyds TSB, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, VISA, Vodafone, Orange, O2, T-Mobile and 3.

3. Monitise supplies mobile banking services to banks with 55 per cent of the UK's current accounts.

J Monitise U.K Svc, Distribution Increased Through Partners

LONDON (Dow Jones)--Monitise PLC (MONI.LN), a mobile money specialists, said Monday that it has increased its services and distribution in the U.K. of its multi functional Mobile Money Platform through new capabilities with longstanding partners T-Mobile and 3 U.K..

MAIN FACTS:

-3 U.K. will be the first U.K. mobile operator to enable its customers to access their web portal to register both for mobile banking by download application and also for text alerts.

-This follows T-Mobile enabling customers to register for weekly alerts to receive text messages at a time of their choosing and be sent a message if their balance goes above or below a certain limit.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com

(END) Dow Jones Newswires

From FT chat today (Re: Broker comment):
" Well positioned to capitalise on the growth of mobile banking and payments
Monitise is hitting key positive news-flow triggers on the road to break-even
Acquiring 100,000 customers/month; run-rate break even expected in 2 years
Initiating at Overweight with a conservatively-framed 24p price target"

harry...i have been buying these in the 13-15p range

Yep. I bought a small stake at 14.3p & may add a few more when cash comes available.
Probably going to be a bumpy ride & hope they don't need more cash any time soon!

this is a 10 bagger or bust and as long as no one falls in love with it will be interesting either way

Business Financial Newswire
"Payment software specialist, Monitise says that that it has just registered its one millionth customer following a rapid uptake of its services by many of the world's largest financial institutions.

Monitise's Mobile Money Manager platform is now handling transactions at the rate of 25 million per annum.

In June this year Monitise signed a five year Global Alliance Agreement to supply its Mobile Money Manager platform to Visa Inc. which has 1.7 billion card-holders across the world.

Current key partners include VocaLink, FIS, HSBC, Lloyds TSB, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Ulster, Visa, Vodafone, Orange, O2, T-Mobile and 3. "

Ticking up nicely. Currently 16.5/17p.

MONI should do very well in 2010.

Fully funded with significant news expected.

This is going places!!

WOW!!!!!!!!!!!!!!!+10%

Selftrade broker target currently 26p.

Business Financial Newswire
"Mobile money specialist Monitise says shareholders today (Jan 4) approved subscriptions for new shares totalling up to 15.8m alongside new partnerships with First Eastern and Carphone Warehouse.

The subscriptions are for:
Initial immediate subscriptions at 13p each totalling 7.4m, representing an 8% premium to the December 16 closing price; conditional subscriptions at 13p totalling 2.8m; conditional subscriptions at 15p (2.8m), representing a 25% premium; and warrants at 15p (2.8m).

They were announced on 17 December alongside the signing of heads of terms for an Asia-Pacific joint venture with First Eastern and a Mobile Money Network joint venture with Carphone Warehouse.

The initial subscription total of 7.4m gross gives the company a cash position post-subscription of more than 16.5m. "

Could be the growth stock of 2010 - cash in the bank - new business - director buys - how many more signals?

mmmm bad day!!! d o w n she goes!