Monitise Asia Pacific

Monitise is building its Mobile Money Networks in the Asia Pacific region through an exciting joint venture with First Eastern.

The first services will be available from a number of partner financial institutions in Hong Kong in the second half of 2010 and will be selected from the broad range of live services now available from Monitise’s Mobile Money Manager technology platform.

The joint venture, Monitise Asia Pacific, is with First Eastern Mobile Investments Ltd., part of the First Eastern Investment Group. First Eastern has extensive reach from its Hong Kong base into China and throughout the Asia Pacific region. Monitise Asia Pacific will build on these in developing its mobile banking, payments and related services partnerships and services.

The Benefits of Being a Monitise Asia Pacific Partner

Monitise Asia Pacific provides partner financial institutions, mobile network operators, processors and merchants with unique benefits in developing Mobile Money services:

• Its proven Mobile Money Manager, already the choice of over 240 financial institutions in the UK and USA to provide a wide range of services for their millions of customers, is the technology platform.
• Monitise creates an open ecosystem model in each region which enables multiple banks, mobile network operators, merchants, payments organisations and processors to connect once to provide a wide range of mobile banking, stocktrading and payments services directly to their customers.
• Partners and their customers joining a Monitise Asia Pacific Mobile Money network can also benefit from Monitise’s existing global alliances, including that with strategic partner VISA.
• The model ensures that the widest numbers of people can use Mobile Money services, designed to work on almost any handset including iPhone and Android devices, on a wide range of operator networks. It is not a restrictive re-rendering of internet banking which can limit Mobile Money services only to those signed up for internet banking
• Working with Monitise Asia Pacific means that financial institutions do not have the risk, costs and integration difficulties which in house developments might bring.

For more information about the Monitise Asia Pacific joint venture visit the Investor Relations section of this website.

Contact
Contact Darren Sugden or Laura Jane Davies at our Hong Kong office
T: +852 2985 2635