Monitise

Monitise, a mobile money outfit, launched a new research and development technology center in South Wales that will initially create 40 new jobs. The new center will be focusing on the development and testing of mobile banking, payments and commerce services.

Monitise says it chose Wales because of the expertise within local universities including the University of Glamorgan's Centre of Excellence in Mobile Applications and Services, which already works with a number of key players in the mobile industry.

Global Mobile Money solutions provider Monitise is launching its first mobile money apps for Android handsets in the United States,

The new applications are based on the company’s Globe technology platform to offer a range of fast and convenient services to users, including account balance inquiries, mini-statements, money transfer and bill payment.

The new apps complement the existing suite of text, secure browser and smartphone (iPhone, Blackberry and mobile web) services provided in the US by Monitise.

Mobile money solutions provider Monitise has partnered with ViVOtech for offering mobile phone payments services to banks across the United States.

As a part of the partnership agreement customers of participating banks will be able to turn their handset into a mobile wallet (linked to registered bank accounts, credit and debit cards) and purchase items using contactless payments at merchants with NFC capabilities.

UK mobile money operator Monitise has obtained a provisional license from the Central Bank of Nigeria to implement mobile payment services across the country.

Using its Globe platform Monitise will be offering financial services over the mobile phone to the unbanked, including savings, insurance and pensions. The service will also see the first deployment of the Monitise Mobile Wallet solution.

The implementation of the project will be partially subsidized by the Africa Enterprise Challenge Fund which has assigned $1.5 million to the project.

U.S. Bank and Visa are partnering with DeviceFidelity, FIS and Monitise for a mobile POS capability for Visa payWave contactless payment terminals.

Monitise has launched an enhanced suite of mobile banking and payment services in a move to deliver fast, secure financial management by mobile phone across the world. Deploying the platform financial institutions, mobile phone networks, service providers, payment companies and processors can offer a wide range of Mobile Money services in both developed and emerging markets.

The suite delivers the following products:

A provider of mobile money solutions Monitise announced a new partnership with DeviceFidelity to enable mobile phone users to conduct contactless Visa payWave transactions.

Under their partnership the two companies combine Monitise's expertise in mobile financial services and user interface design with DeviceFidelity's In2Pay technology. In2Pay microSD is an innovative new technology that enables mobile users to transform a smart phone with a microSD slot into a mobile payment device.

 Visa Inc. has announced its intention to invest £6.6 million in London-based mobile banking and payments service provider Monitise plc to increase its stake to 14.4%. Earlier the company has announced that the existing agreement with Monitise was prolonged to 2015. 

Last June Visa invested $13 million in the company by signing a 5-year strategic agreement called "Global Alliance Agreement". Under the agreement Monitise was to develop technology to provide SMS alerts and secure payments to 2 billion clients of Visa worldwide. 

Visa Inc., the world's largest retail electronic payments network, has partnered with Monitise plc, leaders in the development and operation of mobile financial services, for the creation of a joint venture to provide a dedicated technology platform for financial institutions and mobile carriers in India so that they could offer their customers a wide range of different financial services.

Monitise is targeting the social networking market with the introduction of its mobile money app for Android phones.

The company reports that the application will be downloaded for free from the 'Android Market' and will be compatible with all Android devices.

Using this application customers will be able to access full package of Monitise services including bank account balance enquiries, mini statements, transfers between accounts and bill payments.

Monitise is continuing with its global domination plans after smashing through its one million customer targets for 2009.
The Morse spin-off now has 1.3 million customers in the UK and US, and is setting its sights on the Asia-Pacific region after signing a deal with Hong Kong direct investment firm Far Eastern this week.
As a result of the deal, the first Monitise mobile banking services are expected to be available in Asia-Pacific through banks and financial institutions in the region next year.

A new report by the Future Foundation think tank and mobile banking company Monitise was devoted to the way how technology is changing how people interact with banks. The UK's mobile banking market is growing at over 30 per cent a year that tells the sector gaining real momentum. ¬A survey of 1,000 adults revealed 5.6 per cent used their mobile phone to access their bank accounts and manage their finances in November 2009, up from 4.3 per cent a year earlier.

Monitise, the mobile banking firm, conducted a research in conjunction with the Future Foundation think-tank, showed that one in five Brits would rather use a computer or mobile phone to check their bank statement compared than call a phone banking centre.
According to research, just one in 20 were happy to use these methods to manage their money in 2002.
The research also highlighted that 18 to 25 year olds are most happy to use the internet and mobile phone banking.

 A mobile banking and payment services provider Monitise announced that its platform can now be used at more than 2,000 different types of mobile phone handsets.

Monitise allows people to manage their money closely without the need to visit a branch, phone a call centre or log on to the internet. Just using their mobile device customers can check their bank balances and transactions history, transfer money between each other and set up special alerts to inform them about unexpected overdrafts.