A thread for general discussion of the company and developments that affect it.
Monitise was founded in 2004 and was listed on the Alternative Investment Market (AIM) of the London Stock Exchange on 28 June 2007.
Monitise is the world's leading mobile banking and payments partner with an impressive list of clients. It has spent six years developing its Mobile Money Manager and has three distinct 'toolkits' that banks and financial institutions can sign up for and extend to their banking customers. End users can manage their finances via their mobile phone and also instruct payments.
Clients include Lloyds, Natwest, RBS, HSBC, Alliance & Leicester and all the major UK mobile networks (Vodafone, Orange, O2, T-Mobile) as well as a strategic alliance with Carphone Warehouse to bring MONILINK mobile financial services to the UK mass market. Mobile Banking is now also available on the iPhone and iPod touch. Overseas, Monitise partners with over 60 American institutions, and is working to break into India, Africa and Asia Pacific.
LloydsTSB have recently launched an advertising campaign - 'For The Journey' - including this Mobile Banking promotion which should see many users sign-up for Monitise's Mobile Banking solution http://www.youtube.com/watch?v=PxsDlTwVmhY
The share price of Monitise has risen spectacularly since late June when Visa announced that it was partnering with Monitise and buying 15% of the company in a placing (at 7p when the price was 5p).
"Visa is the world's most trusted, inclusive and innovative payments network. This alliance validates our unwavering commitment to building truly accessible, inclusive and reliable services over the past seven years. It is a landmark announcement in the mobile payment space and we are excited to collaborate with the world's foremost payments company to accelerate the convergence of payments services and mobile devices."
Including the VISA monies, Monitise now has around £15m in cash, approx 3/8 of the market cap.