The UK is home to Monitise’s headquarters and a number of customer relationships. Monitise has a five-year global strategic partnership with RBS Group. In May 2011, powered by Monitise, RBS and NatWest launched a new range of smartphone apps, including an app built specifically for iPad; the first iPad banking app from a UK high-street bank. Since then, RBS and NatWest mobile business banking apps were also launched.
Developed by Monitise in April 2012, HSBC launched its Fast Balance app as part of a three-year deal extending the two businesses’ long-standing relationship. Monitise announced mobile banking services with The Co-operative Bank in June 2012, as part of another three-year relationship.
Originally a joint venture, Monitise acquired the Mobile Money Network (MMN), the UK’s leading enabler of mobile commerce and payments services for retailers, in December 2012. MMN, with its Simply Tap instant mobile checkout service, is powered by the Monitise Enterprise Platform. The network is working with a large number of retailers as it brings together banks, advertisers and media owners to give consumers a simple way to shop using their mobile phone.
Monitise signed a strategic partnership agreement with Visa Europe in February 2011. In September 2011, Visa Europe announced the launch of an alerts service alongside bill pay and person-to person services, and it has since increased its investment stake in Monitise.
Monitise has also formed global alliances with partners such as Cognizant which sees the two companies offering Mobile Money services together across Europe.
Monitise acquired US mobile banking and payments expert Clairmail in 2012, expanding the size of the team in this region. In the US, Monitise is trusted by over 1/3 of the top 50 North American banks to power their mobile banking offerings.
In addition, Monitise has strategic partnerships in place with Visa Inc., the world’s largest retail electronics payments network and FIS, the world’s largest global provider dedicated to banking and payments technologies.
Monitise has a global alliance agreement with Visa Inc. to custom-develop mobile services. In February 2012, Visa Inc., and Monitise launched an account, transfers and instant alerts mobile service via Visa’s Debit Processing Service (DPS).
Monitise Asia Pacific
Monitise’s 50/50 joint venture with First Eastern, announced in April 2010, is building momentum as it broadens the company’s presence in this fast-growing region. First Eastern is a leading Hong Kong-based investment group chaired by Victor Chu that is a pioneer in the field of direct investments in China and across Asia.
In July 2011, Monitise Asia Pacific entered a joint venture with a subsidiary of Astra, the largest conglomerate in Indonesia, whilst in Hong Kong, Monitise partnered with JETCO, the provider of payments services to the majority of banks in Hong Kong and PCCW mobile.
In February 2012, Monitise launched Movida, a joint venture with Visa Inc. Banks’ customers in India will be able to top up airtime, pay bills and book movie tickets from any mobile phone, using any Visa or non-Visa branded payment account. The service first went live with HDFC, India’s second-largest private bank .
In addition, during the second half of 2011, Monitise launched its first Mobile Money services in India, with a range of smartphone and Java apps developed for Standard Chartered Bank, powered by the Monitise Enterprise Platform.
Monitise AfricaIn August 2011, the Central Bank of Nigeria granted Monitise a full Mobile Payments System Provider licence to operate Mobile Money services in the country. We will continue to work closely with the central bank and our partners to extend the services we offer. Monitise’s vision to help people without bank accounts interact with the wider world via their mobile phones has been praised by world leaders and businesses including the World Economic Forum.