TIDMMONI
Monitise PLC
03 December 2013
Monitise launches Chinese version of its cloud-based Mobile
Money platform
Rollout with key regional partners comes as Monitise joins China
trade trip with British Prime Minister
Shanghai, China - 3 December 2013 - Monitise plc (LSE: MONI)
announces today that it has deployed and launched, with regulatory
approval, its globally recognised Mobile Money platform with full
access for Chinese speakers. The initial launch in Hong Kong is a
key pillar of Monitise's plans to extend its services into mainland
China.
'Easy TopUp' offers a simple, secure and convenient real-time
mobile service to top up PCCW-HKT pre-paid SIM cards with payment
taken direct from their bank account, as opposed to purchasing
vouchers from convenience stores.
The green light to launch the service follows the granting of
regulatory approval by the Hong Kong Monetary Authority and comes
as Monitise joined more than 100 British companies accompanying
Prime Minister David Cameron in China on a trade mission to secure
new business opportunities.
"I am delighted that Monitise are joining me in the largest
British business delegation to go to China this century," Prime
Minister David Cameron said.
He added. "This Government's priority is to secure the economic
recovery and we are determined to all we can to help British
companies to succeed in the global race. I am firmly committed to
playing my part which is why I have taken more than 130 business
delegates to China, including Monitise. My aim is to open the door
for them in this fast-growing market, creating opportunities for
them to expand their business."
Monitise Chief Executive Alastair Lukies said: "I'm delighted to
be in such good company on this trip alongside many leading
interests representing British industry, academia and the arts all
seeking to strengthen our trading ties with one of the world's most
dynamic economies."
Lukies added: "Britain plc is perfectly placed to reap the
commercial benefits that can be unlocked by enterprising business
and technology. With the launch of our first Chinese language
Mobile Money service we are proud to be playing our role through
collective collaboration with our partners to create new ways to
bank, pay and buy via mobile handsets and tablets in our
increasingly connected world."
Bank of China (Hong Kong) ("BOCHK") is the first bank in Hong
Kong to provide such service to its customers in cooperation with
Joint Electronic Teller Service Limited ("JETCO"), the ATM network
provider in Hong Kong. The service will allow PCCW-HKT mobile
customers to top up their mobile airtime and data SIM cards
instantly.
Easy TopUp is the first of its kind offered by JETCO to its
network of around 30 member banks in Hong Kong and Macau through
its partnership with Monitise. Also available in English, the
service involves seamless end-to-end handling of double byte
language characters so that Chinese consumers can use it with
ease.
Commenting on the launch, Monitise Asia Pacific CEO Darren
Sugden said: "We are delighted to see our first Chinese language
Mobile Money solutions go live in a market with such an incredible
appetite for mobile technology services. This launch provides a
solid foundation for future initiatives in this market and across
the broader Asia Pacific region."
The service will be supported by JETCO providing access to a
real-time guaranteed source of funds through its payments switching
capabilities with member banks. It is based on Monitise's proven
technology platform, which accounts for billions of transactions
annually and is already used by millions of consumers around the
world. The platform has been designed to connect networks of Mobile
Money players, such as banks and mobile network operators, enabling
the creation of innovative value-added services for their
customers. Monitise's commercial interests in Asia are run from a
base in Hong Kong where the business works with local partners to
develop banking, payments and commerce services for the region.
Richard Midgett, PCCW-HKT's Managing Director of Wireless
Business, said: "We are pleased to announce the launch of Easy
TopUp which will enable our customers in Hong Kong to top up their
pre-paid SIM card simply and securely, on the move at any time,
bringing them new levels of convenience."
JETCO Deputy General Manager John Tsang commented: "The launch
of this service shows our heritage of providing a secure payment
switching network, combined with Monitise's technology expertise.
We are delighted to provide these services for PCCW, one of Hong
Kong's leading mobile operators, and look forward to extending the
payment capabilities in due course."
Samuel So, Head of Cash Management at BOCHK, added: "BOCHK has
been embracing customer service values through innovation and
continuous enhancement of service channels and products to meet the
diverse needs of customers. This new Mobile Money Service can bring
both corporate and individual customers greater convenience in
making top-up payment with their mobile phone apps."
About Bank of China (Hong Kong) Limited
Bank of China (Hong Kong) Limited ("BOCHK"), established on 1
October 2001, is a leading listed commercial banking group in Hong
Kong. With over 260 branches, more than 580 ATMs and other
distribution channels in Hong Kong, BOCHK and its subsidiaries
offer a comprehensive range of financial products and services to
individual and corporate customers. BOCHK is one of the three note
issuing banks in Hong Kong. In addition, the BOCHK Group
(comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking
Corporation) and its subsidiaries have 41 branches and sub-branches
in the Mainland of China to provide cross-border banking services
to customers in Hong Kong and the Mainland. BOCHK is appointed by
the People's Bank of China as the Clearing Bank for Renminbi
business in Hong Kong. On 13 July 2010, BOCHK was authorised as the
Clearing Bank of RMB banknotes business for the Taiwan region.
About Joint Electronic Teller Services Limited
Joint Electronic Teller Services Limited ("JETCO") was
established in 1982 by five banks, namely, Bank of China (Hong
Kong) Limited, The Bank of East Asia Limited, Chekiang First Bank
Limited (now Wing Hang Bank, Limited), Shanghai Commercial Bank
Limited and Wing Lung Bank Limited. Today, JETCO has over 30 member
banks in Hong Kong and Macau and supports a range of banking
services to these member banks covering both regions.
Today, over 3,000 ATMs situated in Hong Kong, Macau and more
than 20 cities in the Mainland China, are connected to and operated
through the JETCO network. Banking services which customers can
enjoy through the JETCO ATM network include cash withdrawal, fund
transfer, balance enquiry, bill payment, credit card payment,
charity donation and more.
In addition, JETCO also works with other international networks
to provide ATM service to cardholders of China UnionPay (CUP) and
MasterCard. Holders with cards bearing the CUP or MasterCard/Cirrus
logo and issued by JETCO member banks can perform cash withdrawal
and balance enquiry through ATMs anywhere displaying the two
respective logos. What's more, Jetco has partnered with Alipay(R)
to launch the Alipay(R) Express Payment Service with member
banks.
JETCO continuously strives to excel in its service offerings and
service level, and is awarded a number of international
professional qualifications in recent years. The company has
achieved the certification of Quality Management System (ISO 9001)
and Information Security Management System (ISO 27001) since 2007.
Besides, Internet Payment Gateway service has proven to be
compliant with the Payment Card Industry Data Security Standard
(PCI DSS) since 2005.
For more information about Jetco, please visit
www.jetco.com.hk
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 24 million consumers benefit from our patented
technology to 'bank anywhere', 'pay anyone' and 'buy anything',
accounting for $50bn of payments, purchases and transfers annually.
More information is available at www.monitise.com.
Monitise plc contacts Tel: +44(0)203 657 0900
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Brad Petzer, Chief Financial Officer
Mike Keyworth, Chief Information Officer
Investor Relations
Haya Herbert-Burns, Andrew Griffin Tel: +44(0)203 657 0366
investorrelations@monitise.com
Media Relations
Gavin Haycock Tel: +44(0)203 657 0362
Gavin.haycock@monitise.com
Canaccord Genuity
Simon Bridges Tel: +44(0)20 7523 8000
Cameron Duncan
FTI Consulting Tel: +44(0)20 7831 3113
Charles Palmer
Jon Snowball
This information is provided by RNS
The company news service from the London Stock Exchange
END
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