Monitise Regulatory News (MONI)

19 Jun 2008 09:00



19 June, 2008

MONILINK WINS TOP AWARD FOR MOBILE MONEY

Monitise plc [LSE: MONI.L] has been awarded The Banker Magazine 2008 Technology Award for Mobile Payments. It recognises the success of the MONILINK 'mobile money' service which, since its launch in 2006, has become the industry standard for mobile banking and payments in the UK and positioned Britain as a global leader in mobile financial services.

The MONILINK service already allows customers of some of the UK's leading banks, including Alliance & Leicester, first direct, HSBC, NatWest, Royal Bank of Scotland and Ulster Bank, across all the major mobile networks, to manage their money on the move. Currently, this includes the ability to top-up pre-pay mobile phones directly from their bank accounts, check the balance of their accounts and request mini-statements from almost any location in the world. In the coming months a number of new payment services will provide customers with even greater financial control directly from their handset.

MONILINK is a joint venture with Vocalink, the UK based specialist in transaction services and operators of the UK ATM network. Monitise has also developed similar 'mobile money' services in the United States and Canada, in partnership with Metavante Corporation, and is in the process of developing a service for East Africa in partnership with Made In Africa, the founders of the Ugandan Stock Exchange.

Alastair Lukies, chief executive, Monitise plc said: "Already thousands of UK consumers rely on our service to keep in touch with their finances on a day to day basis and I am delighted that we have been rewarded for the second year running by The Banker Magazine and its panel of industry experts.

"MONILINK is recognised as the 'gold standard' for mobile banking and payments by experts across the globe and is a terrific example of how British innovation continues to set the standard for new technology development worldwide."

The judging panel for the award consisted of some of the world's foremost financial services experts chaired by Michelle Price, Technology Editor of The Banker and including John Meakin, group head of information security for Standard Chartered, Eric Sepkes, formerly cash management strategy director, EMEA at Citi and Clive Hawkins, global head of FX and Money Markets technology for UBS Investment Bank.

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About MONILINK

MONILINK, the UK's mobile banking network, provides consumers with a greater level of control over their finances, allowing them to securely access their card-based accounts via the mobile handset. The service is currently available to customers of Alliance & Leicester, first direct, HSBC, Royal Bank of Scotland, NatWest and Ulster Bank and across all major mobile networks. It has been developed over the past three years by VocaLink, the operators of the UK's ATM network and Monitise, the mobile banking and payments specialists. The service was awarded 'Technology Pioneer' status by the World Economic Forum, in recognition of its potential to create a 'life changing impact on a global scale'.

The company uses the trusted technology and operational capability of VocaLink which is connected with 37 of the UK leading retail banks and building societies. This allows VocaLink's portfolio of services, such as balance enquiries and mobile prepay 'top ups' to be delivered to the broadest group of banking consumers.

About Monitise plc

Monitise plc (MONI.L) is a specialist in mobile banking, payments and commerce

technology. It has engineered the world's first mobile banking ecosystems, 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 the USA, where it has delivered the MONILINK and

Monitise networks in partnership with VocaLink and Metavante Corporation respectively, the Company is currently working with international partners to deliver

similar safe, secure mobile banking & payment services in territories worldwide.

Current key partners include VocaLink, Metavante, HSBC, first direct, Alliance &

Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and

Hutchison 3G.

Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in

2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and awarded

the Innovation in Messaging Award 2007 by the Mobile Messaging Association.

www.monitisegroup.com

About The Banker Magazine

Established in 1926, The Banker is the premier magazine and acknowledged journal of record for the world's investment, retail and commercial banking sectors. Published on a monthly basis, and distributed to around 30,000 individuals globally, the magazine offers an unrivalled combination of authoritative news, features, surveys and heavyweight interviews. With regular software and technology updates, new product innovations, country profiles, definitive bank listings and expert market commentary from leading industry figures, The Banker is essential reading for key decision makers across the banking and corporate sectors.

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