TIDMMONI

Monitise PLC

22 May 2014

Monitise in top three of Forbes' World's Most Innovative Growth Companies

Highest-ranked British company in international list

May 22, 2014: Monitise (LSE: MONI), a global leader in Mobile Money solutions, has been placed third in the Forbes list of 'The World's Most Innovative Growth Companies', making it the highest-ranking British company.

"To be classed as the one of the most innovative growth businesses in the world is a fantastic accolade and confirmation of the central place we've forged for ourselves in the Mobile Money industry," said Monitise Chief Executive Alastair Lukies. "This comes at an exciting time in the Monitise journey. In building a global network over the last ten years, we're positioned to lead the way in what we believe will be the biggest shift in financial services and shopping in a generation, taking our strong foundations and executing on our new business strategy that accelerates our presence and casts our net even wider."

In March 2014, Monitise announced it was accelerating its shift from a license-based business model to a subscription-based model, minimising upfront license or integration costs to customers. In doing so, the company aims to increase its registered users from 28 million today to 200m by the end of FY 2018, growing its user-generated revenue through mobile banking, payments and commerce.

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 utilise Monitise's technology platforms and services to securely connect people with their money. Already 28 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $71bn of payments, purchases and transfers annually. More information is available at www.monitise.com.

 
 For further information 
 
  Monitise plc                                 Tel: +44(0)20 3657 
  Alastair Lukies, Chief Executive Officer     0900 
  Lee Cameron, Chief Commercial Officer 
  Brad Petzer, Chief Financial Officer 
  Mike Keyworth, Chief Information Officer 
 
  Investor Relations 
  Andrew Griffin, Haya Herbert-Burns           Tel: +44(0)20 3657 
  investorrelations@monitise.com               0366 
 
  Media Relations 
  Gavin Haycock 
  Gavin.haycock@monitise.com                   Tel: +44(0)20 3657 
                                               0362 
  Canaccord Genuity 
  Simon Bridges, Cameron Duncan 
 
  FTI Consulting                               Tel: +44(0)20 7523 
  Charles Palmer, Sophie McMillan              8000 
 
 
                                               Tel: +44(0)20 3727 
                                               1000

This information is provided by RNS

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