Monitise triples payments and transfers to $31bn

Monitise triples payments and transfers to $31bn

Monitise has tripled the value of payments and transfers over its technology platform, live transactions and registered users in the last year, from $10bn to $31bn. 

Announcing the rise at Mobile World Congress, the company said the value of payments and transfers initiated via the Monitise Enterprise Platform is now more than $31bn on an annualised basis, compared with $10bn a year ago.

The company said it is handling 2bn transactions on an annualised basis, compared with 0.48bn in February 2012, underpinned by registered customers climbing to 20m from 6m in January 2012. 

Monitise added that North America is a significant market, with 10m direct registered end users.

Commenting on the rise in payments and growing customer base, Monitise group CEO Alastair Lukies said: ‘Our growth over the past year is a clear indicator of the value we deliver for our clients and their customers. We’re deeply committed to delivering Mobile Money solutions that translate into customer acquisition and retention, reduced costs and new revenue opportunities for banks in the US, Europe and around the world.’

Monetise is presenting the latest payment technology in partnership with Visa at MWC this year. Monitise and Visa Inc. have been working together since 2009. 

Lisa Stanton, EVP Payments at Monitise said: ‘As our business continues to build its momentum, we’re delighted to be joining Visa in Barcelona at Mobile World Congress to discuss the role mobile is playing in shaping the future of payments. We know from our experiences with Visa and other leading businesses around the world how important mobile technology is to helping financial institutions and payment processors provide new payment solutions via mobile as money becomes increasingly digitised.’ 

She added: ‘Visa is a benchmark brand for trusted payments innovation globally and we are honoured to be playing our part in delivering its mobile technology roadmap and creating new ways for consumers around the world to pay anyone and buy anything via their mobile.’

Written by Mobile Today
Mobile Today


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