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?

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."

Also mentioned in III lunchtime round up. here.

Lovely stock. Have been trading in & out for the last year or so, but now looks like the big boys are becoming more interested in this technology.

London, 13 July 2011 - Monitise plc (LSE:MONI), the technology company delivering mobile banking, payments and commerce networks worldwide, announces an unaudited pre-close trading update following its 30 June financial year-end.

Highlights

Full-year revenues expected to be approximately 14 million ($22 million), more than double the 6 million ($10 million) reported last year, and with a year-end annualised revenue run rate in excess of 20 million ($32 million).

Growth across live mobile banking and payments services continues, with Monitise now handling more than 10 million banking transactions a month, including 100,000 account transfers and mobile payments per week with an average monthly value of more than 100 million.

Minimum contracted revenues at year end of approximately 55 million ($90 million) over the next five years. This represents more than four times the level seen a year ago, with significant upside potential, further underpinning plans to reach break-even in calendar 2013.

Strong increase in operating profit and cash generation in the second half from live operations, broadly matched by continued investment in the business.

Robust financial position, debt free with in excess of 23 million cash balance as at 30 June 2011.

Strong outlook for next financial year with Group well positioned to double revenue again in 2011/2012.

The group has made strong progress during the second-half of the year, entering a number of long term partnerships including a new five-year deal with Visa Inc. worth a minimum of $50 million with significant upside.

Indonesian Joint Venture with Astra Group and first bank customer lined up
London, 28 July 2011 - Monitise Asia Pacific today announced its plans to launch mobile banking, payments and commerce services in Indonesia, the world's fourth most populated country and one of the fastest-growing economies globally.

The company has signed a joint venture agreement with PT Astra Graphia Information Technology (AGIT) that will see it developing cutting-edge new mobile services for Indonesia's huge population, both banked and unbanked. AGIT is an information and communication technology business, part of PT Astra International Tbk, one of the largest publicly-listed companies in Indonesia.

The new business, PT AGIT Monitise Indonesia, will establish a platform able to support the full spectrum of mobile banking, payments and commerce for banks, mobile operators, retailers and other service providers.

Monitise Asia Pacific is also pleased to announce that Permata, one of Indonesia's top-10 banks, has entered into a memorandum of understanding to be the launch bank for the new joint venture.

Monitise Asia Pacific Chief Executive Darren Sugden said: "We are delighted to be opening for business in Indonesia. The country has seen huge growth both economically and in mobile phone take-up in recent years and our new partnership promises great commercial opportunities for everyone involved. Building on our recent partnership deals in Hong Kong, this is further evidence that the time is right for our plans for rapid expansion across the Asia Pacific region."

I seem to remember noticing that they were managing a mobile payment service for a high profile client, can't for the life of me remember who it was though! Sorry, not exactly useful information...

This thread has gone a bit quiet - what are people's latest thoughts?

I have traded in & out of this for two years now. It was an intentional strategy, just in case the technology didn't succeed, but it now looks like it is going to be adopted by many of the credit and payment houses all over the world. There are other competitors in this market, but none of them seem to have the drive and global reach of MONI. Am now considering building a reasonable stake as I think it could be a real growth company approaching profitability.

London, 23 August 2011 -
Monitise plc is set to build Nigeria's first mobile shared financial services platform after being granted a Mobile Payment System Provider licence to provide mobile money services by the country's Central Bank.

The Monitise technology platform is designed to be shared by various banks and payment providers, enabling them to be able to offer mobile payment services under their own brands. Monitise, with its local partners, has set up a network of agents in Nigeria that can be utilised by banks and payment service providers to offer branchless banking services to both the banked and unbanked.

Monitise received a provisional licence in December 2010 and successfully launched a mobile payments pilot in four cities and 11 rural locations, earlier this year.

Within the trial period, the Monitise pilot attracted c7,000 users, handled payments totalling more than 25 million Naira (100,000) and created nearly 170 local jobs through its network of approved agents and support staff.

In the near term, Nigerian banks and other financial institutions will have the potential to provide mass market mobile based financial services including loans, insurance, pensions products and savings all without a bank needing to build and operate branches across the country.

London, 31 August 2011 - Monitise plc (LSE: MONI) today announces it has signed a new partnership agreement with RBS Technology Services to broaden mobile banking and payments services across its banking divisions.

Monitise has strengthened its existing relationship with RBS by entering a new five-year global strategic partnership. Under the terms of the new agreement, RBS will utilise Monitise's industry leading and award-winning platform to provide innovative bank-grade and secure mobile apps and services to RBS customers.

By further integrating Monitise's configurable technology platform within the bank, RBS is able to give its customers richer, real-time smartphone services as new devices and operating systems hit the market, while continuing to provide mobile services to any customer that wants them via text message, no matter what phone they have.

The new contract covers all RBS Group divisions including RBS and NatWest UK Retail, Citizens Bank US, Ulster Bank and RBS Global Corporate and Business.

StockMarketWire.com
Monitise plc has appointed Brian McBride to the Board as Non-Executive Director with immediate effect.

McBride was previously managing director of Amazon.com in the UK and brings with him more than 25 years experience in the IT industry. He began his career with Xerox and subsequently worked at IBM, Crosfield Electronics, Madge Networks, Lucent, Dell Computers as Vice President, Northern Europe and as Managing Director of T-Mobile (UK).

StockMarketWire.com
Monitise the technology company delivering mobile banking has announced its audited preliminary results for the year ended 30 June 2011 showing revenues of 14.0m (2010: 6.0m) with half-on-half revenues more than doubling from 4.3m in H2 2010 to 8.7m in H2 2011.

Platform development and integration revenues of 6.0m (2010: 1.4m), up fourfold on prior year, driving future user generated income streams

User generated revenues of 6.3m (2010: 2.9m), also more than doubled on prior year

The company also reported that gross margin was consistently strong and in excess of 60% target.

Monitise highlighted a growing order book, including the recent five-year strategic contracts with Visa Inc. and RBS, hit 78m ($128m) as at 1 September 2011, six times the 13m order book at end-June 2010

Revenue growth in live operations (1) drove profitability, from an operating loss (3) of 2.5m in 2010 to an operating profit of 3.2m

The company recorded a loss for the year of 14.5m (2010: 16.8m) and a loss per share 2.1p (2010: 3.7p)

The company is debt free with 30 June 2011 cash balance, including short-term deposits, of 23.6m

Latest patent covers way shoppers can use 'virtual payment cards' to shield account details, or even if they have no bank account
Monitise plc announces it has been granted a patent for a new way to enable consumers to shop securely via their mobile or the internet, reinforcing the group's reputation as a mobile money innovator.

"Bank-grade security is at the heart of our growing mobile money business and we welcome this new patent being granted," said Monitise Group Chief Executive Alastair Lukies.

The UK patent relates to how Monitise can generate 'virtual card details' on the mobile phone to enable a consumer to shop in a secure and convenient way without them having to divulge data from their credit or debit cards such as personal account numbers, card expiry dates and security codes. The consumer chooses which account to use as the funding account for the virtual card.

The virtual card, in effect a prepaid digital voucher, can be created for a fixed amount or for a specified period of validity. The risk of fraud is further minimised because the consumer can shop without having to share their bank and credit card account information if they prefer not to

StockMarketWire.com
Monitise is further strengthening its alliance with Visa Europe, which is investing 24.7 million in Monitise at an issue price of 35p per share for 70.5 million new Monitise shares.

As part of the subscription for Monitise shares, Visa Europe President and Chief Executive Peter Ayliffe, will join Monitise's Board of Directors.

Monitise has also agreed to acquire the 51% stake in its US joint venture, Monitise Americas, held by Metavante Corporation, a subsidiary of Fidelity National Information Services Inc. (FIS).

FIS is one of the world's largest global providers dedicated to banking and payments technologies.

Monitise welcomes launch of MMN's Simply Tap
Monitise plc (LSE: MONI), is delighted to welcome the launch of the Mobile Money Network's instant mobile checkout, Simply Tap.

Monitise is a joint venture partner in MMN and developed the technology platform for the launch, which has just gone live with Carphone Warehouse among the first major retailers to integrate Simply Tap into how its customers shop via their mobile handsets.

Monitise Group Chief Executive Alastair Lukies commented:
"It is great to see Simply Tap live. The UK now has a bank-grade, interoperable infrastructure for secure, fast and simple mobile shopping. This will inevitably change the way we pay and shop, just like cash did thousands of years ago, bank cards did 50 years ago and the Internet did a decade ago. What seems like an innovation today will be mainstream in a few years time, just as ATMs have become.

"The response to Simply Tap and the proposition it offers retailers, media partners, banks and payments companies has been very positive. We have more innovations planned over the coming 12 months, which will revolutionise the way consumers shop via mobile. Consumers choose retailers in the high street by voting with their feet, they will now vote with their fingers and thumbs via Simply Tap too."

Norges Bank > 8%.

Ouch...........quite a drop. I wonder if this is because of the struggle between all of the companies trying to be the market leader?
"MasterCard, like its traditional card rivals, is rushing to gain a foothold in the nascent mobile money market. Visa has acquired Fundamo and invested in Monitise and Square in the recent past while American Express has taken a stake in Payfone."
Presumably not all of these will survive?

Down another 10% today.

RNS Number : 9190T

Monitise PLC

14 December 2011

14 December 2011

Monitise plc

H1 2012 PRE-CLOSE TRADING UPDATE

MONITISE REVENUE MOMENTUM ACCELERATES

REVENUE FOR H1 2012 APPROXIMATELY GBP15M

- ALMOST THREE TIMES H1 2011's GBP5.3M
- HIGHER THAN FY 2011's GBP14M
MORE THAN GBP35M OF CUSTOMER ORDERS CONTRACTED IN H1

- ORDER BOOK AT END-DECEMBER MORE THAN GBP75M

LONDON - Monitise plc (LSE: MONI), the technology company delivering mobile banking, payments and commerce networks worldwide, expects to announce first-half revenues nearly three times higher than a year ago when it publishes its interim results in February.

Revenues for the six months to 31 December 2011 are expected to be approximately GBP15m, compared with GBP5.3m in the same period a year ago. First-half FY 2012 revenue will also be higher than the GBP14m revenue generated in the entire 12 months to the end of June 2011.

The order book to the end of December 2011 has now passed GBP75m, with more than GBP35m of orders contracted during the first six months of FY 2012.

Profitability in live operations, which includes the UK, US and Global Accounts, is expected to show significant growth on levels achieved in the second half of 2011, which in turn grew strongly compared to the first half of last year. Gross margins are expected to be in line with the 62% generated in the first half of last year.

Monitise continues to invest in its future operations, technology platform and service delivery capability in line with its strategy to be the global leader in the mobile money marketplace. For the first half of FY 2012, the EBITDA loss (pre-exceptional item) is expected to be broadly in line with the loss in the equivalent period last year. Taking into account the estimated exceptional profit on the acquisition of Monitise Americas we expect to be close to breakeven EBITDA for the half year.

The continuing investment to maximise opportunities from the growing worldwide mobile banking, payments and commerce market is reflected in a strong uplift in customer demand for Monitise's services.

More than 5.5m customers have now signed up for Monitise's mobile money services, compared with 3m registered customers at the start of January 2011. The platform is processing 330m transactions a year, compared with 120m transactions per annum a year ago.

Customer log-ins for mobile money apps developed and deployed by Monitise are currently running at around 15m per month, compared with around 6m six months ago. Bank transfers and payments processed via the Monitise technology platform have risen to more than GBP1bn in the year to date. The corresponding figure for the whole of 2010 was GBP600,000.

"Our revenue performance and growing order book clearly demonstrate the momentum of the Monitise business as we head into calendar 2012, the year of the Olympics. We have seen via the increase in activity across our own technology platform how mobile banking has created an exciting and fast-growing new way for consumers to interact with their bank and manage money on their terms," said Monitise Group Chief Executive Alastair Lukies.

He added: "Worldwide interest and activity around mobile money is growing daily. Monitise has positioned itself as the only independent, interoperable, bank-grade mobile technology platform open to deliver services across any market to any device. That gives us a critical role to play as the mobile money market evolves. The market opportunity is huge and we will continue to invest to ensure we will retain our leadership role."

Monitise has recently formed several new strategic partnerships and deepened its existing partner relationships and expects this pattern of growth to continue.

In October, Visa Europe cemented its relationship with Monitise via the purchase of 70.5m new shares and the appointment of Visa Europe President and Chief Executive Peter Ayliffe to Monitise's Board of Directors. Monitise is working closely with Visa Europe to develop innovative, bank-grade, value-creating payment solutions for its member banks and partners.

In the UK last month, Monitise's joint venture, the Mobile Money Network, launched its new instant mobile checkout service, Simply Tap. Monitise developed the technology platform for the MMN, which is developing mobile services that bring together a network of retailers, advertisers, banks and media owners to provide consumers with a simple way to discover and buy goods and services using their mobile phone.

In August, Monitise entered a new five-year global strategic partnership with RBS Technology Services. Last month, RBS was awarded the "Mobile IT Innovation of the Year" award at the BCS & Computing UK IT Industry Awards while Monitise received a medal in the "Small Business Project of the Year" category for its contribution to the same mobile banking app development project.

Monitise has recently taken 100% ownership of its Americas business, giving it the ability to control the focus and direction of its activities in this key mobile money market. This is expected to yield significant operational and strategic benefits.

Monitise Group Chairman Duncan McIntyre said: "Monitise really has had an exceptional 2011 as a company. Trading for the group has never been better and we enter the calendar year 2012 with great momentum. The board will continue to review strategic options to ensure the value that we believe Monitise is creating is being recognised and maximised."

Monitise's interim results for the six months ending 31 December 2011 will be announced in February.

RNS Number : 1228U

Monitise PLC

16 December 2011

16 December 2011

Monitise plc

Monitise and FIS enter strategic partnership to develop mobile services

Five-year agreement includes multi-million dollar per annum revenues

LONDON - Monitise plc (LSE: MONI), has signed a five year strategic partnership agreement with FIS (NYSE: FIS), one of the world's largest global providers dedicated to banking and payments technologies, to create innovative mobile money services for existing and new clients.

The deal is a licensing, development and services agreement that will allow FIS to use Monitise's mobile banking and payments technology and helps deepen and strengthen the existing relationship between the two businesses.

In October, Monitise, which develops and deploys mobile banking, payments and commerce networks worldwide, bought out FIS's 51% stake in the two company's US joint venture, with FIS taking a 3.3% equity stake in Monitise.

Under the terms of the five-year deal, which involves multi-million dollar per annum revenues, FIS and Monitise have created an agile mobile development and deployment team that will help banks and other financial institutions defend and extend their role in the payments industry by creating secure and innovative new products and services.

FIS operates in more than 100 geographic markets and the company's more than 300 solutions represent the industry's most comprehensive array of products and services for the broadest scope of financial markets. Monitise provides mobile services to more than 250 US financial institutions.

"FIS is a clear leader in financial services technology with products and services for financial clients, ranging from small community banks to some of the largest financial institutions in the world. We are delighted to now be entering a new strategic partnership, which will complement FIS's role as a 'go-to' partner for financial institutions in the fast-growing and innovative mobile money marketplace," said Monitise Group Chief Executive Alastair Lukies.