Monitise Regulatory News (MONI)

PRESS RELEASE FOR IMMEDIATE USE

20 May 2010

MONITISE SMARTPHONE APPS DRIVE MASS MOBILE BANKING

Millions of Britons are now doing their banking by mobile phone, driven by the latest

 smartphone apps

Monitise(LSE: MONI.L) , the world leader in mobile money networks and technology, is delighted to announce that it has processed more than 20 million smartphone app banking enquiries and transactions in the last six months.

Monitise's mobile apps are now being used at the rate of over a million a week, as people upgrade their handsets and discover how quick and easy mobile money management really is.

Using the smartphone apps, people can check their bank balance, read mini-statements, transfer money, set up and receive SMS alerts, safely and easily on their phone anywhere in the world.

Monitise mobile apps run on iPhones and handsets from other top manufacturers including Blackberry, Nokia and Motorola, and the company is also working on an application for handsets using Google's Android software.

Alastair Lukies, Chief Executive Officer of Monitise, said:

"The success and popularity of Monitise's apps illustrates just how smartphones are completely changing the face of mobile banking. These figures clearly show how money management by mobile phone is becoming mainstream. As the services become more sophisticated and comprehensive we expect the uptake to accelerate markedly."

Ends

Notes to Editors

About Monitise

Monitise plc (LSE: MONI.L) has created the world's first mobile money networks, which allow customers of multiple banks and mobile operators to perform banking and payment transactions directly from their mobile handset. For more information visit http://www.monitisegroup.com 

With live services in the UK and in the USA, where it is in partnership with FIS, the company is currently working with international partners to deliver similar safe, secure mobile banking and payment services in territories worldwide. Current key partners include Visa, VocaLink, FIS, HSBC, Lloyds TSB, First Direct, Royal Bank of Scotland, NatWest, Travelex, Ulster Bank, Vodafone, Orange, O2, T-Mobile, 3 UK, The Carphone Warehouse and First Eastern.

Contacts:

Monitise Group

Alastair Lukies, CEO Tel: 020 7947 4300

John Brougham, CFO

For Financial PR enquires

Financial Dynamics

Juliet Clarke

Haya Herbert-Burns

Erwan Gouraud

Tel: 020 7831 3113

For PR enquiries

Stuart Disbrey, Bell Pottinger Business & Brand

Direct dial: +44 (0) 20 7861 2495

Mobile: +44 (0) 7789 500465

sdisbrey@bell-pottinger.co.uk

Charli Beale, Bell Pottinger Business & Brand

Direct dial: + 44 (0) 20 7861 3029

Mobile: +44 (0) 7800 582266

cbeale@bell-pottinger.co.uk