Monitise and Telefonica Enter Mobile Money Partnership
Collaboration Unites Mobile Money Leader With Major International
SAN RAFAEL, CA -- (Marketwired) -- 07/01/13 -- Monitise plc (LSE:
MONI) announces it has become the preferred Mobile Money technology
partner for Telefonica Digital to develop and manage new and existing
mobile payment and commerce services for its customers.
The agreement comes as the strategic and commercial merits of
Monitise's proven and established platform technology enabling
consumers to bank, pay and buy via mobile are recognised by an
increasing range of businesses keen to take advantage of the
worldwide Mobile Money opportunity.
IDC Financial Insights forecasts that more than a trillion dollars
will be spent around the world using mobile devices by 2017.
Under the terms of the agreement, Monitise will complement existing
technology partners, taking a lead role in the development of a
global technology platform to support payment and mobile commerce
services. The initial focus of the partnership will be in the UK.
Telefonica Digital is the global innovation arm of Telefonica, one of
the world's largest telecommunications businesses with more than 316m
subscribers in 24 countries. It operates using the O2, Movistar and
Vivo commercial brands.
The multi-year partnership with Telefonica Digital represents the
latest milestone in Monitise's strategy to be the leading global
enabler for Mobile Money. The company has built a payments and
commerce platform onto its proven and trusted bank-grade and
interoperable core mobile banking services.
Monitise's ecosystem connects hundreds of organisations from banking,
payments, mobile, merchants and media to millions of consumers around
the world via its Bank Anywhere, Pay Anyone and Buy Anything product
range. The partnership with Telefonica will leverage Monitise's
mobile payments and shopping technology.
Welcoming today's agreement, Telefonica Digital Chief Executive
Matthew Key said: "Monitise shares our vision of delivering simple,
convenient and secure mobile payments and commerce services to
consumers. They have established themselves as a true leader in the
m-commerce ecosystem and are the ideal partner to help us take our
capabilities in this area to the next level, continuing to bring high
quality services to our customers."
Monitise Group Chief Executive Alastair Lukies said: "We are
delighted to be working with Telefonica, one of the 50 largest
companies in the world, pooling our shared experiences and
innovations in new ways to create even more compelling secure Mobile
Money services that are easy for consumers to use, every minute of
Lukies added: "This new partnership leverages our Mobile Money
platforms, products and assets. Successful mobile commerce, whether
local in-market solutions or global services, is ultimately about
collaboration. Partnerships like this show how we are at the heart of
the accelerating convergence via mobile between the offline and
digital worlds of banking, payments and commerce."
Monitise announced in December 2012 that it was targeting mobile
commerce opportunities to capitalise on the accelerating convergence
between financial institutions, retail, mobile, online advertising
and social media. This was followed in March by a new three-year deal
with Visa Europe to develop and deploy Mobile Money payments and
commerce solutions for Europe's leading financial institutions.
Visa Europe, which predicts that by 2020 half its transactions will
be via mobile, has existing partner relationships with both Monitise
and Telefonica Digital.
"The future of payments, technology and mobile are irrevocably bound
together. Mobile technology has the potential to fundamentally change
the way that people pay and are paid -- enabling them to do this via
any device, at any time and in any location," said Visa Europe's
Chief Marketing Officer Mariano Dima. "With Telefonica Digital and
Monitise we are now working together to enable new ways to pay in our
increasingly mobile world."
About Telefonica Digital
Telefonica Digital is a global business division of Telefonica. Its
mission is to seize the opportunities within the digital world and
deliver new growth for Telefonica through research & development,
venture capital, global partnerships and digital services such as
cloud computing, mobile advertising, M2M, eHealth and Security. It is
also driving innovation in over the top communications under a new
umbrella brand called TU and in Big Data through Telefonica Dynamic
Telefonica Digital will deliver these new products and services to
Telefonica's 316 million customers as well as entering new markets.
It is headquartered in London with regional centres in Silicon
Valley, Sao Paulo, Spain and Tel Aviv. Jajah, Terra, Media Networks
Latin America, 48 and giffgaff are all managed under the Telefonica
To sign up for news alerts and read commentary on Telefonica Digital,
visit www.Telefonica.com/digitalhub and track them on Twitter
Monitise (LSE: MONI) is a world leader in Mobile Money -- banking,
paying and buying with a mobile device. Leading banks, payments
companies, retailers and mobile networks utilise Monitise's
technology platforms and services to securely connect people with
Already over 20 million consumers benefit from our patented
technology to 'bank anywhere', 'pay anyone' and 'buy anything'
accounting for over $30 billion of payments, purchases and transfers
annually. More information is available at www.monitise.com.
For further information
Tel: +44(0)203 657 0900
Chief Executive Officer
Chief Commercial Officer
Chief Financial Officer
Chief Operating Officer
Tel: +44(0)203 657 0366
Tel: +44(0)203 657 0362
Tel: +44(0)20 7523 8000
Tel: +44(0)20 7831 3113
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