Source: Monitise
Monitise Americas, the leading mobile banking and payments provider, has announced its parent company, Monitise, has achieved over 2 million registered users for its services in the UK and the US, driven by increased uptake of its smartphone apps.
Monitise provides its secure Mobile Money Manager platform to over 240 banks and financial institutions in the US and UK, with 100 million transactions processed by the platform every year.
"We're delighted to be the chosen mobile service provider for millions of consumers in the UK and the US," says Soren Bested, managing director of Monitise Americas.
"Activity across the Monitise platform continues to increase, servicing millions of transactions every month as we enable more services by text, mobile app, and browser. Smartphones continue to have a big impact on mobile banking - downloading an app and banking on their handset is becoming second nature to many users."
In the UK, Monitise has partnerships with major retail banks including HSBC, Lloyds TSB, first direct, NatWest, Royal Bank of Scotland, and Ulster Bank. In the US, Monitise Americas provides mobile banking and payments services to over 200 financial institutions including banks, credit unions, and prepaid card issuers.
In June of 2009, Monitise signed a five-year Global Alliance Agreement to supply its Mobile Money Manager platform to Visa Inc., which has 1.7 billion card-holders across the world.