Executive Summary
Monitise plc (LSE: MONI.L) is a global leader in Mobile Money solutions, with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of mobile banking, payments and commerce services to their customers in both developed and emerging markets. With live services in the UK, India, Africa and in the US, where it is in partnership with FIS, the company is currently working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including India, Africa and the Asia Pacific region. Current key partners include Visa Inc. and Visa Europe, VocaLink, FIS, HSBC, Lloyds TSB, First Direct, Royal Bank of Scotland, NatWest, Travelex, U.S. Bank, Ulster Bank, Standard Chartered Bank, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, Best Buy, The Carphone Warehouse, First Eastern and JETCO. More information is available at www.monitisegroup.com
Company History
Current Events
Business Model
The Monitise Business provides the \switch\ infrastructure and software to carry out personal banking transactions and enquiries securely on mobile phones. Its Monitise Platform has been successfully implemented in the UK. It is connected to all UK mobile networks and the Board believes that this platform provides a compelling proposition to all participants. Mobile banking services provide consumers with a fast, convenient, secure and straightforward means by which to conduct banking and transact electronically. The Monitise Business was established as a stand-alone business alongside the Morse Business in August 2006 and the two businesses have continued to develop as separate entities, operating separately and having distinct characteristics. The Monitise Business has already made significant progress. It has developed a market leading mobile and banking payments platform, on which foundation it continues to build. The Monitise Business operates in exciting, valuable and growing markets and the Monitise Board believes it has the opportunity to establish itself in key geographies as the leading player. The Group currently has three products in the market: (i) Mobile ATM: This is a mass market, mobile phone banking platform, with bank grade security which allows consumers to request banking services via their mobile phone. It uses the secure ATM platform provided by LINK to access the bank's services; (ii) ACCODE: This is a device for generating second-factor authentication solutions. It is a secure method of obtaining passwords for computer access to a network or website sent directly…
