First Gulf Bank Selects Monitise to Power Mobile Money Services

  First Gulf Bank Selects Monitise to Power Mobile Money Services

  Middle East bank partners with Monitise to launch new best-in-class mobile
                               banking services

Business Wire

LONDON -- May 6, 2014

Monitise (LSE:MONI), a global leader in Mobile Money – banking, paying and
buying with a mobile device – today announces a new partnership with First
Gulf Bank to launch new mobile banking services to consumers in the Middle

Abu Dhabi-based First Gulf Bank is one of the leading banks in the United Arab
Emirates. Monitise will support the bank in increasing the variety of Mobile
Money services it offers and strengthening its position as a digital banking
leader through the provision of new innovations for its customers.

Through the partnership with Monitise, FGB is looking to build its mobile
ecosystem with cutting-edge services to make life easier for its customers.

Fatih İşbecer, CEO of Monitise MEA, said: “We are delighted to be building
upon our existing, renowned service delivery and presence in the region
against the backdrop of the wider Monitise Group that we are now part of.
First Gulf Bank was one of the first banks in the Middle East to realise that
the future lies in mobile. Through our new agreement, we are looking forward
to delivering best-in-class, easy-to-use services to more consumers in the
Middle East.”

Peter Radcliffe, President, International at Monitise, remarked: “Monitise’s
Turkey, Middle East and Africa team has a strong track record in supporting
leading banks, payments companies, technology businesses and brands in
launching world-class mobile services. This new agreement with First Gulf Bank
is testament to their expertise and success to date.”

First Gulf Bank was named ‘Best Bank in the United Arab Emirates’ and ‘Best
Bancassurance’ at The Banker’s Middle East Industry Awards, as well as the
third most powerful company in the UAE by Forbes in 2013.

More information about Monitise is available at

More information about First Gulf Bank is available at


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