Monitise plc announced the launch of Monitise mPOS. The new white-labeled mobile payment service helps banks, mobile operators and acquirers offer their business customers the ability to accept card payments on a mobile device and layer on a robust and scalable array of services enabling merchants to manage money on the move from one secure solution. Deployed as a standalone solution or integrated into existing mobile services, Monitise mPOS is a complete mobile payment solution for businesses of all sizes. It can be integrated into existing Monitise services, including the most used mobile banking platform, to help businesses protect and extend their position in an increasingly crowded mobile payments marketplace. Mobile solutions are opening up faster and more convenient ways for businesses to manage money on the move. Mobile Point-of-Sale (mPOS) solutions enable businesses to process card payments at any time and in any location. Market estimates indicate mPOS acceptance could result in $1.1 trillion new card payments annually. However, many mPOS solutions including Smartphone and tablet apps are increasingly offered by non-traditional payment providers looking to capitalize on this fast-growing market. This is accelerating the competitive landscape and changing traditional merchant, bank and acquirer relationships. Monitise mPOS has been launched to help financial institutions offer a competitive proposition for merchants. It can be integrated into existing mobile applications, and alongside mPOS card acceptance, and offers a number of additional features including real-time bank reconciliation, cash flow management and an overview of recent transactions. Alternatively, Monitise mPOS can be delivered as an independent solution and rebranded for any financial institution, acquirer or distribution partner. Monitise mPOS caters for Chip & PIN, Chip & Signature or swipe payment methods and can be integrated with the Monitise Enterprise Platform, and its technology which enables consumers to bank, pay and buy via their mobile. The service, which forms part of the company’s set of payments solutions, works with a Bluetooth connected card reader and has the ability to access integrated partner systems in conjunction with all major Smartphone and tablets.

Monitise plc has completed the final contractual agreement with Visa Europe involving a new three-year commercial partnership spanning the development and deployment of Mobile Money payments and mobile commerce solutions.

Monitise plc announced the launch of two additions to Visa Europe's Personal Payments mobile service it has helped develop that will enable consumers to make transactions from their mobile phone to any Visa cardholder in Europe, in any European currency. The Multi-Currency feature, which will be available by the end of 2013, allows payments to be sent and received across borders, bringing international money transfers to mobile devices and simplifying what can often be a complex and expensive process for those wishing to send money to an individual in another European country.