Monitise PLC Monitise agrees Virgin Money mobile partnership
December 05 2014 - 2:00AM
RNS Non-Regulatory
TIDMMONI
Monitise PLC
05 December 2014
5 December 2014
Virgin Money AGREES strategic partnership with Monitise
Virgin Money has today announced a seven-year agreement with
Monitise plc (LSE: MONI.L) to help develop elements of the bank's
future digital banking services and to provide its customers with
innovative mobile solutions.
Monitise's Mobile Money network connects many organisations,
including those from banking, payments, mobile and other sectors,
to consumers via its Bank Anywhere, Pay Anyone and Buy Anything
product suite.
Jayne-Anne Gadhia, Chief Executive Officer of Virgin Money,
said: "We are excited to be extending our quest for smarter,
brighter and better banking solutions with a partner that shares
our ambition to bring unique, intuitive and valuable service
features to our customers. Mobile is an important banking channel
that will help us maintain our growth momentum, and our partnership
with Monitise and its network of partners will support us as we
grow."
Alastair Lukies, Co-Chief Executive Officer at Monitise, added:
"The Virgin brand is synonymous with success and ambition across
all of the sectors it operates in, and banking is no different.
There are significant opportunities ahead for Virgin Money in the
digital space. We're looking forward to supporting the bank across
a number of exciting initiatives in its journey to transform the
way consumers can manage their money."
Monitise's partnership agreement with Virgin Money builds on a
commercial relationship that was first entered into in December
2013.
About Monitise
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 use Monitise's
technology platforms and services to securely connect people with
their money.
More than 30 million users have registered for Monitise's
patented technology to 'bank anywhere', 'pay anyone' and 'buy
anything', accounting for $88bn of payments, purchases and
transfers annually. Additionally, apps designed by the Group's
Monitise Create and MEA divisions have been downloaded 30 million
times. More information is available at www.monitise.com.
For further information:
Investor Relations Tel: +44(0)20 3657 0366
Andrew Griffin, Haya Herbert-Burns
investorrelations@monitise.com
Media Relations Tel: +44(0)20 3657 0362
Gavin Haycock
Gavin.haycock@monitise.com
Canaccord Genuity (NOMAD) Tel: +44(0)20 7523 8000
Simon Bridges, Cameron Duncan
FTI Consulting Tel: +44(0)20 3727 1000
Charles Palmer, Rob Mindell
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAEADALEFKLFAF
Monitise (LSE:MONI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Monitise (LSE:MONI)
Historical Stock Chart
From Sep 2023 to Sep 2024