Monitise Regulatory News (MONI)

23 September 2010

MONITISE POWERS THE FIRST MOBILE BANKING APP FOR iPHONE IN IRISH REPUBLIC

Monitise plc, global leaders in Mobile Money solutions, has today launched the first iPhone mobile banking app in the Republic of Ireland, in partnership with Ulster Bank.

The app, which uses Monitise's world-leading iPhone app platform, will enable the bank to deliver mobile banking services to its customers in the Republic of Ireland.

The app, which can be downloaded from today for free from Apple's App Store, delivers a suite of services including:

·; Balance checks - giving people their account balance in a matter of seconds

·; Mini-statements - allowing people to track purchases or payments in an instant

·; Automatic text alerts - highlighting salary payments or overdraft warnings, for example

The app's launch demonstrates the commitment by Ulster Bank Ireland to provide better banking services for its customers and gives them much greater access and control over their bank accounts.

In addition to the iPhone app, Monitise and Ulster Bank plan to launch a range of SMS-based mobile banking options for customers in the Republic of Ireland in October this year.

The launch builds on Monitise's track record of successful Mobile Money iPhone apps, already developed and released in the UK and USA for a number of banks and financial institutions.

Alastair Lukies, chief executive officer of Monitise, said: "We are very proud to have launched, with Ulster Bank, the first app of this type in the Republic of Ireland.

"It will give their customers instant access and control over their finances - and peace of mind that they can check their bank accounts anytime, anywhere.

"Mobile banking is now part of the mainstream of modern banking and we're delighted to be at the heart of its collaborative development around the world.

"Our technology is trusted by some of the world's largest organisations including VISA, many of the UK's high street banks, and over 200 financial institutions in total around the world."

Glynis Hobson, Head of Direct Banking at Ulster Bank, said:"Earlier this year we asked our customers about the product and service improvements they'd most like to see from Ulster Bank.

"When customers told us that they would value a text service which would help them avoid being overdrawn on their account, we decided to make that a reality with a new iPhone app. This means our customers can take action to avoid unnecessary charges."

She added: "We chose Monitise for our app because it is a leader in mobile banking services and we knew it could deliver the range of benefits and services we are committed to giving our customers."

Monitise's services run on its Mobile Money Manager technology platform which delivers a state-of-the-art customer experience including intuitive navigation, cutting edge design and fast responses, all uniquely in a bank grade environment.

The services can be used on over 2,700 different types of handset, including smart phones, which let them get bank balance alerts, transfer money and make payments.

Recent research by the Future Foundation, the think tank, reveals the view that the mobile banking revolution is well underway, with 30 per cent growth in the market in 2009.

Notes to editors

About Monitise

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 and payments services to their customers in both developed and developing territories.

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, including India and the Asia Pacific region. Current key partners include Visa, VocaLink, FIS, HSBC, Lloyds TSB, First Direct, Royal Bank of Scotland, NatWest, Travelex, Ulster Bank, Standard Chartered Bank, Vodafone, Orange, O2, T-Mobile, 3 UK, The Carphone Warehouse and First Eastern.

For more information visit http://www.monitisegroup.com

About Ulster Bank Group

Ulster Bank was founded in 1836 and is part of The Royal Bank of Scotland (RBS) Group.  Across the Republic of Ireland and Northern Ireland the Bank employs approximately 6000 people who serve over 1.9 million personal and business customers through 236 branches, 59 business banking offices and over 1,200 ATM's.

For more information, visit http://www.ulsterbank.ie or http://www.ulsterbank.co.uk 

Monitise Media contacts

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

Ulster Bank Media contacts

Naomi Steen, Ulster Bank: Naomi.steen@ulsterbank.com 01 608 4576/ 087 069 2819

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