For Merchants

Monitise's mobile banking and payments ecosystems provide merchants with the ability to deploy a mobile payment interface to their customers, with the reassurance that it will be accessible to the broadest customer base and that it meets international banking security standards.

As electronic payments have increased over the past few years, merchants increasingly need to provide a 'top up' mechanism for their customers. This is most obvious in the transport industry, with the introduction of Near Field Communication [NFC] transport cards and new congestion charging schemes. Furthermore, as the 'electronic wallets' increase in number and, in due course, cards migrate to the handset due to advances in NFC enabled handsets, the requirement for 'mobile wallets' will increase.

Monitise provides a 'remote control' to these services, providing a much needed 'window' to consumers' electronic accounts, coupled with the ability to 'top-up' directly from their account of choice. Furthermore, due to the collaborative nature of the Monitise ecosystem, merchants can also share in the benefits, not least through the delivery of a lower-margin top-up channel than is currently provided through high-street terminals and alike.