View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
July 23, 2013

Mobile banking firm reports fifth year of growth

Monitise counts £70m revenue for year.

By Joe Curtis

A mobile banking firm has grown for the fifth year in a row, with at least £70m revenue for the year.

Monitise confirmed the figures in a statement about its full-year results, due to be published in full on September 5.

The company claims it now has 23m customers, accounting for 2.4bn transactions in the last financial year.

Its £70m revenue builds on £36m revenue made during the 2012 financial year, and the firm said payments and transfers made through the bank are now worth $40bn (£26bn) annually.

Monitise is now the preferred mobile payment company for Telefonica Digital, while it has signed a new three-year deal with Visa Europe to provide payments and commerce solutions for European fiinancial institutions.

CEO Alastair Lukies said: "This has been a hugely successful 12 months for Monitise. As well as the substantial revenue growth, numerous launches on a global basis, some very important new partnerships, the integration of three acquisitions and the raising of more than £100m, we have entered our new financial year with momentum at an all-time high."

CFO Brad Petzer added: "This has been another strong year of growth for the company with momentum across the business. Monitise has continued to focus on investing in our people, platforms, internal systems and infrastructure as we scale the business for the next phase of growth."

Content from our partners
<strong>Powering AI’s potential: turning promise into reality</strong>
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU