MONILINK Service Builds Strong Momentum with Banks, Operators and Consumers.

Monitise plc (MONI.L) welcomes the announcements by Royal Bank of Scotland Group and MONILINK, its joint venture with VocaLink, that Royal Bank of Scotland and NatWest customers will be offered mobile banking services via the MONILINK network.

Alongside this news, MONILINK has also announced that all customers can now access their bank account information from their mobile phone handset free of charge until the beginning of 2008.

Alastair Lukies, Chief Executive of Monitise, commented:

"These announcements reflect the strong appetite from both the industry and consumers for mobile banking services. As anticipated, we are seeing a similar trend to Internet Banking earlier this decade where consumers start using the service, feel more in control of their finances, tell their friends and it spreads from there. We have already achieved tens of thousands of registered customers, which is a real landmark for the early stages of our UK service and, coupled with the announcement by Royal Bank of Scotland Group, we feel momentum building."