Monitise Regulatory News (MONI)

24 Sep 2008 07:00



24 September 2008

LLOYDS TSB LAUNCHES NEXT GENERATION OF MOBILE PHONE BANKING 

With the launch today of mobile services by Lloyds TSB, Monitise plc [MONI.L] names Lloyds TSB as the eighth UK bank to join the MONILINK mobile money network, Monitise's joint venture with VocaLink in the UK. The launch of the previously 'unnamed bank' means that well over half of all UK adults can now manage their money using the MONILINK service.

Monitise's success in the UK, in combination with continued growth in North America and emerging markets, demonstrates the strength of Monitise's technology and its unique ability to deliver popular, mass-market services being adopted by both financial institutions and consumers alike.

Alastair Lukies, Chief Executive, Monitise Group: "Mobile is widely recognised as the fifth and potentially most exciting banking and payments channel to emerge. Better money management tools have an increasingly important role to play in consumers financial affairs as we all look for greater day to day control of our money. 

"Using the service, Lloyds TSB customers will be the first in the UK to use their mobile phones for moving money between their accounts, as well as checking recent transactions, requesting a mini-statement and topping-up their own and others' mobile phones."

The Lloyds TSB announcement can be viewed in full at www.mediacentre.lloydstsb.com/mc/homepage.asp 

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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