Monitise and FIS enter new licence agreement (1228U)

TIDMMONI

RNS Number : 1228U

Monitise PLC

16 December 2011

16 December 2011

Monitise plc

Monitise and FIS enter strategic partnership to develop mobile services

Five-year agreement includes multi-million dollar per annum revenues

LONDON - Monitise plc (LSE: MONI), has signed a five year strategic partnership agreement with FIS (NYSE: FIS), one of the world's largest global providers dedicated to banking and payments technologies, to create innovative mobile money services for existing and new clients.

The deal is a licensing, development and services agreement that will allow FIS to use Monitise's mobile banking and payments technology and helps deepen and strengthen the existing relationship between the two businesses.

In October, Monitise, which develops and deploys mobile banking, payments and commerce networks worldwide, bought out FIS's 51% stake in the two company's US joint venture, with FIS taking a 3.3% equity stake in Monitise.

Under the terms of the five-year deal, which involves multi-million dollar per annum revenues, FIS and Monitise have created an agile mobile development and deployment team that will help banks and other financial institutions defend and extend their role in the payments industry by creating secure and innovative new products and services.

FIS operates in more than 100 geographic markets and the company's more than 300 solutions represent the industry's most comprehensive array of products and services for the broadest scope of financial markets. Monitise provides mobile services to more than 250 US financial institutions.

"FIS is a clear leader in financial services technology with products and services for financial clients, ranging from small community banks to some of the largest financial institutions in the world. We are delighted to now be entering a new strategic partnership, which will complement FIS's role as a 'go-to' partner for financial institutions in the fast-growing and innovative mobile money marketplace," said Monitise Group Chief Executive Alastair Lukies.

About Monitise

Monitise plc (LSE: MONI.L) is a technology company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets.

With live services in the UK, the US, India and Africa, the company is working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including Europe, Asia Pacific and Latin America. Monitise has a global alliance agreement with Visa Inc. and strategic partnerships with Visa Europe and RBS Group. Other leading partners and clients include FIS, HSBC, Lloyds Banking Group, First Direct, U.S. Bank, Standard Chartered Bank, Travelex, Vocalink, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, Best Buy Europe, The Carphone Warehouse, First Eastern, Astra, JETCO and PCCW mobile.

More information is available at www.monitisegroup.com

Contacts:

Monitise Group Tel: [phone]

Alastair Lukies, CEO

John Brougham, CFO

Lee Cameron, CCO

Mike Keyworth, COO

Tom Spurgeon, Company Secretary

Gavin Haycock, Communications Director

[e-mail]

Evolution Securities Limited (NOMAD) Tel: [phone]

Garry Levin Stuart Andrews

Canaccord Genuity Limited Tel: [phone]

Simon Bridges

FTI Consulting Tel: [phone]

Charles Palmer

Jon Snowball

This information is provided by RNS

The company news service from the London Stock Exchange

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