Monitise and Visa Europe Accelerate Mobile Money

Monitise and Visa Europe Accelerate Mobile Money 
New Three-Year Deal Represents Minimum Revenues to Monitise of 45m
Euros; Acceleration of Buy Anything Mobile Services With Continued
Development of Bank Anywhere, Pay Anyone 
SAN RAFAEL, CA -- (Marketwire) -- 03/07/13 --  Monitise plc (LSE:
MONI) (the "Company") and Visa Europe are further strengthening their
partnership with a new three-year commercial agreement spanning the
development and deployment of Mobile Money payments and mobile
commerce solutions for Europe's leading financial institutions. 
Heads of terms have been signed for the agreement, which covers
licence rights to all aspects of Monitise's mobile technology.  
The new relationship incorporates minimum revenues to Monitise of EUR
45 million over the first three years with the potential for greater
revenues as certain user generated thresholds are achieved. A further
announcement will be made when the Company has entered into the final
contractual agreement with Visa Europe (the "Agreement"). 
At the same time the Agreement for this extended commercial
partnership is entered into, Monitise will grant Visa Europe a
warrant to purchase 43 million ordinary shares of one pence each in
the Company ("Ordinary Shares") at a price of 36.25p per Ordinary
e, representing the closing mid-market price of March 4, 2013.
This warrant will be exercisable from the point at which the
Agreement is entered into between Monitise and Visa Europe until
August 4, 2014. In addition, the Company will grant Visa Europe a
further warrant to purchase an additional six million Ordinary Shares
at a price of one pence per Ordinary Share, being the nominal value. 
Monitise has been working in partnership with Visa Europe since
February 2011 to deploy mobile payments services to its more than
3,000 member banks and financial institutions across 36 countries.
Visa Europe owns 7.5 percent of the shares in Monitise via an
investment that forms part of its strategy to deliver increased value
for financial institutions and consumers through enabling and
supporting mobile payments. 
Steve Chambers, Chief Information Officer at Visa Europe, said:
"Mobile is changing the way we pay and buy. Visa continues to ensure
that financial institutions remain at the center of this important
landscape. We are delighted to be deepening our long-standing
relationship with Monitise to ensure continued best-in-class services
for Visa Europe members." 
Monitise Chief Commercial Officer Lee Cameron said: "Payments is
about partnerships and Visa is the industry benchmark for trusted
payments innovation globally. This agreement underpins our growth
expectations and we are honored to be playing our role as a
technology enabler and ecosystem partner in helping Visa Europe
deliver new solutions that ensure its members can offer the most
compelling, intuitive and robust Mobile Money services."  
He added: "Our technology has been designed with one clear purpose:
to help consumers bank anywhere, pay anyone and buy anything from
their mobile device."  
There are 466 million Visa accounts in Europe with one in every 6.75
euros of everyday spending being transacted by Visa services. The
payments processor predicts that by 2020, more than half of its
transactions will be carried out on a mobile device. 
Notes to Editors 
Visa Europe and Visa Inc. are separate businesses and Monitise is a
strategic partner with both companies. Visa Europe became independent
of Visa Inc. in 2007 following a restructuring of Visa Group and
subsequent IPO of Visa Inc. Monitise and Visa Inc. have been working
together since 2009. 
About Monitise 
Monitise plc (LSE: MONI) is a leading technology and services company
that delivers mobile banking, payments, and commerce networks
worldwide. Monitise enables financial institutions and other payment
companies to defend and extend their market position by protecting
their existing customer relationships and transactions while enabling
new forms of mobile commerce revenue.  
Monitise powers bank-grade solutions that are delivered on premise,
or via cloud services. The value of payments and transfers initiated
via Monitise's platform technology is more than US$31bn on an
annualised basis. Monitise has a global reach and unique set of
partners and clients using its completely adaptable Monitise
Enterprise Platform. More information is available at 
For further information 
Monitise plc 
Tel: +44(0)203 657 0900
Duncan McIntyre
Alastair Lukies
Chief Executive Officer
Lee Cameron
Chief Commercial Officer
Mike Keyworth
Chief Operating Officer 
Investor Relations
Haya Herbert-Burns 
Tel: +44(0)203 657 0366 
Media Relations
Gavin Haycock 
Tel: +44(0)203 657 0362 
Kate Reed or Peter Sadler
Canaccord Genuity 
Simon Bridges 
Tel: +44(0)20 7523 8000
Cameron Duncan 
FTI Consulting 
Tel: +44(0)20 7831 3113
Charles Palmer
Jon Snowball 
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