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?

Interesting to see how Directors view retail shareholders - they can buy at 1p (recent News=Options), and sell at 23p DYOR.
I'm not sure I like this level of profiteering and presume they can't wait to offload stock when (we) -the idiot public - is will to pay so dearly for paper they can get for little more than by just turning up. Grr!

That's the nature of share options, but not sure I like it either.

StockMarketWire.com
Mobile money group Monitise has announced a joint venture to form the 'Mobile Money Network'.

The JV has been formed with retailer Best Buy Europe and the personal backing of Carphone Warehouse founder Charles Dunstone.

Monitise, which will own 40%, says the network will launch in 2011.

It will be 'an independent, trusted and secure one-stop shop for mobile services and be a place for the best technology and ideas within shopping, banking and marketing to come together'.

Monitise Supports U.S. Bank's Contactless Payment Pilot
"A contactless payment service which allows shoppers to purchase products in stores using their mobile phone handset is being trialled in America using innovative technology from Monitise, the UK-based leader in global mobile banking and payments.

Employees of U.S. Bank, the fifth largest bank in America, are testing the system which allows people to pay for products simply by waving their mobile phone handset over the contactless payment terminal at the shopping register.

A microSD equipped with a chip that securely stores one's credit or debit details is inserted in a mobile device and is read by the terminal. For iPhones, the microSD can be embedded into a specially-designed and patented iPhone case. The payment capable microSD and iPhone case are the product of US-based DeviceFidelity.

The contactless payments system is password protected and can be immediately disabled by the bank in the event the device is lost or stolen.

The pilot brings together Monitise's expertise in mobile financial services apps with DeviceFidelity's In2Pay microSD memory card and Visa's payWave contactless transactions technology."

Monitise to Bring Mobile Payments to Nigeria
Monitise welcomes the news that the Central Bank of Nigeria has granted a provisional licence to the company and its partners to introduce payments by mobile phone across the country.

The move will see Monitise, an established Visa partner, utilising its proven Globe platform, to offer financial services over the mobile phone to the unbanked. The service will also see the first deployment of the Monitise Mobile Wallet solution.

Monitise is delighted to have the opportunity to work with local partners to enable anyone in Nigeria with a mobile handset to access financial services.

The project will be in part enabled by the US $1.5m of development funding made by the Africa Enterprise Challenge Fund to Monitise in 2009.

Monitise's technology enables users to securely manage their money on their mobile phones and take advantage of a number of services including:

Adding money to their handset's mobile wallet or making withdrawals at a countrywide network of processing agents

Transferring money to other people or organisations over the handset

Obtaining their balances via SMS text alerts

Future services will include savings, insurance and pensions

Lee Cameron, Chief Commercial Officer of Monitise, said: "In conjunction with our local partners, we are delighted to be able to offer Monitise's technology in to this well regulated environment, empowering the millions of Nigerians who cannot access, or simply do not have, a conventional bank account - what we know as the 'unbanked' - to enjoy the security and benefits of inclusion within the financial world.

"We are committed to bringing the latest developments in mobile money management and payments to the unbanked across not just Africa but India and South East Asia as well."

Prateek Shrivastava, Managing Director of Monitise Africa, said: "Of Nigeria's 149 million strong population, 19 million have bank accounts, but 75 million have mobile phones - which amply illustrates the potential of mobile payments services across the country."

The first phase of the Monitise service will be launched in 2011 directly to consumers. In parallel the service will also be offered on a white label basis to the country's banks and financial service providers.

14 Dec 2010

Monitise welcomes Visa iPhone App launch
Monitise plc (LSE: MONI.L), the leading global mobile banking and payments provider, is very pleased to announce the launch of the Visa iPhone app, in the USA, developed under the Monitise and Visa Global Alliance Agreement.

San Francisco, Dec. 14, 2010 - Visa Inc. (NYSE: V), the world's largest retail electronic payments network[1], today announced it is making shopping easier and more convenient for budget-conscious consumers by offering the Visa Mobile application for the iPhone. Through a simple tap of the finger Visa account holders now have access to more than 50 unique merchant offers ranging from clothing and dining to entertainment. The Visa Mobile application is now available as a free download from the iTunes app store.

Some movement up for a change lately after the news

StockMarketWire.com
Monitise upped to buy from sell at Canaccord.

Monitise plc (LSE:MONI.L), the leading global Mobile Money solutions provider, is pleased to announce that, at the close of the six month period ended December 31 2010:

- Monitise Europe reached month-on-month cash break-even, in line with guidance given at time of the full-year results for the year to end-June 2010.

- Monitise now has over 3 million registered customers for its live services.

- Customer adoption of its smartphone apps continues to be strong and to have a positive effect on usage.

- The Monitise Globe Platform continues to grow strongly and in December processed more than 13 million transactions.

Monitise Launches its First Mobile Money Android Apps
Monitise plc (LSE: MONI.L), today announces the launch in the US of its first mobile money apps for Android handsets. The apps use the company's market proven Globe technology platform to offer a range of fast and convenient services to users, including account balance inquiries, mini-statements, money transfer and bill payment.

Android handsets now make up more than a quarter of the US smartphone market[1]. The new apps complement the existing suite of text, secure browser and smartphone -- iPhone, Blackberry and mobile web -- services provided in the US by Monitise.

"Apps offered through Android marketplace provide the kind of excellent customer experience which Monitise software delivers so well. So developing dedicated apps for the many different types of Android handsets was a logical step for us," said Monitise Chief Executive Alastair Lukies.

"These new Android apps bring fast and convenient financial control to more of our bank clients' customers and through a wider variety of handsets. Our Monitise Globe platform is designed to allow our financial institution partners to provide the services that their customers demand, across the full range of mobile phone types."

Lukies added: "Security continues to be key to our approach, which is why we count more than 250 financial institutions among our clients for secure mobile money services and have more than three million users of our mobile money services around the world."

Good news and
ready for a move forward on Indicators ( oversold ) and from the band of 18.50 / 22p that has been moving for the last 2 month

Just out on the BBC......

http://www.bbc.co.uk/news/business-12310810?utm_source=twitterfeed&utm_medium=twitter

London, 3 February 2011 - Visa Europe has signed a partnership agreement with Monitise plc to develop and supply mobile payments services for Visa Europe's member banks and financial institutions across Europe.

Following Visa Europe's six year build and 0.5 billion investment in a new European inter-bank processing service, this agreement will leverage this platform and accelerate the development and commercialisation of large scale mobile payments and services.

The exclusive partnership gives Visa Europe a licence to Monitise's world-leading mobile technology. Monitise will act as an advanced development engine for Visa Europe, enabling it to provide its member banks with a rapid go to market mobile payments service in Europe. Initially this will include the development of Visa Europe's mobile platform for mobile contactless payments, mobile alerts and person to person payments followed by account management, loyalty applications and mobile e-commerce.

MONI up 7% now. Should get some good press tomorrow.

From today's Results statement:



Outlook

In the next six months we expect revenue to grow substantially from the partnerships already in place whilst also signing new strategic partnerships and long term contracts that strengthen our global footprint. Our registered customers and transactions are accelerating and our cost structures remain appropriately aligned to our revenue growth. We are excited by the opportunity.

We are operating in a fast-growing and dynamic industry as three key phases align to create a perfect sweet spot; explosive growth in mobile data, the convergence of mobile banking and mobile payments and the high-velocity drive to mobile commerce. Monitise is laying the rails for future services with Monitise at the centre of an eco-system spanning mobile, financial services, online advertising, retail, transport and ticketing.

Our business is well funded and growing strongly at a time when the appetite by consumers for Mobile Money services and their increasing acceptance of the benefits it offers show no sign of abating. The Board is encouraged by the performance of the company and looks to the future with excitement and confidence.

Alastair Lukies

Chief Executive Officer

Monitise plc announces that its Asia Pacific joint venture has signed a Memorandum of Understanding with Handpay and China Rewards to create a range of compelling mobile commerce propositions and new joint business opportunities.

Under the scope of the MoUs, Handpay, a mobile payments specialist, China Rewards, a leading loyalty program provider, and Monitise will cooperate to deliver exciting new mobile opportunities to their respective customers both inside and outside the China market.

The agreement between Handpay and Monitise will combine the strengths of Handpay's links to local payments networks, banks and service providers in China with the international connectivity and global relationships of Monitise. The partnership aims to make it easier for customers to manage their money using the mobile phone as a highly convenient and secure channel. It will also deliver a simple and quick to implement mobile banking and payments solution to partner financial institutions, which is expected to appeal in particular to small and medium sized local banks as well as international banks operating in China.

StockMarketWire.com
PCCW mobile customers in Hong Kong will soon be able to top-up their mobile account directly and securely via a new app from their smartphone following a collaboration with Monitise, the leading enabler of Mobile Money solutions, and its local partner JETCO (Joint Electronic Teller Service).

Leveraging its connection to JETCO, which provides payment services to the majority of banks in Hong Kong, Monitise Asia Pacific has entered into a deal with Hong Kong's PCCW mobile to offer customers the ability to recharge any prepaid PCCW mobile from their smartphones. The tie-up sees PCCW mobile become Monitise Asia Pacific's first customer in Hong Kong, with the debut mobile top-up service due in the coming months.

PCCW mobile is the mobile communications services business of PCCW, Hong Kong's premier telecommunications provider and a major player in information and communications technologies.

StockMarketWire.com
Monitise has officially launched its first mobile money services in India with a range of smartphone and Java apps.

The new range of apps has been developed by Monitise, the leading global enabler of mobile money services, to help give mobile phone owners greater ease of use and a higher degree of convenience.

The apps, developed for Standard Chartered Bank's Breeze brand, are powered by Monitise's Globe mobile banking technology platform and allow users to view bank and credit card accounts, transfer funds to other banks in India and pay utility bills.

They will also locate the nearest SCB branch/ATM using an ATM Locator, find and pay for a cinema, locate and purchase seat tickets for events and find, book and pay for airline tickets, all through Breeze.

The new Monitise application is compatible with more than 700 handsets, from Blackberry and iPhone to the most basic devices.

StockMarketWire.com
Monitise has announced a new agreement with Visa Inc., the world's leading payments company.

The new five-year alliance represents minimum annualised revenues to Monitise in excess of $10m. in the first three years, with potential for greater revenues in years four and five as key milestones are achieved.

The agreement is intended to enable Visa to mobilise existing Visa account holders in the U.S. and in other key geographies creating new mobile solutions that replicate the ease, reliability, and security of traditional Visa payments, on mobile phones and in ecommerce stores accessed via mobile phones.

"Visa is the benchmark for trusted payments innovation on a global scale and it is a huge honour for Monitise to be playing our part in their mobile strategy. Mobile Money is an industry that will have a big societal impact as the 5bn. plus mobile phone users around the world discover new ways to bank, pay, trade and shop. This agreement validates Monitise's strategy of becoming the leading trusted enabler in the space and cements our role in this ever growing ecosystem," said Alastair Lukies, Chief Executive of Monitise.

Merrill Lynch have picked up coverage today:
"We initiate mobile money specialist Monitise with a Buy rating and 44p price objective, 41% upside. Founded in 2003, it has set itself up as a trusted partner to connect banks and their credit, debit, and prepayment cards to consumers via their phones. This is no UK-focused niche player. San Francisco-based Visa Inc was suitably impressed to take a 14% stake and sign a global alliance agreement that has been updated twice and now represents $50m of guaranteed business, the largest mobile-money contract we have seen. Monitise also has projects in Hong Kong, China, Nigeria, UK, India, US/Canada.

Mobile money is not just about swapping a credit card swipe or PIN entry for a mobile phone wave or tap. It delivers significant value to consumers and merchants through loyalty and promotional potential. So mobile money is not just about rechanneling a slice of payment interchange fees, it is about rechanneling advertising and marketing spend. Todays dance between financial institutions, mobile operators, and giant tech companies for a slice of this pie requires aggregators and intermediaries, which is where Monitise fits in.

Monitises revenue base is in the process of switching from license/consultancy to transaction or user-count related revenues. The company expects to break even during calendar 2013, and model will switch from wont breakeven until Jun-14 FY because 70% of costs are investment in future opportunities. We estimate the current share price is the value of the live mobile banking activity. Todays share price implies a 30% chance that Monitise can take a modest 1% of the potential $75bn global banked mobile money market by 2020. We initiate with a valuation implying 50% chance of modest goal success."