A Steady Rise on MONITISE PLC (OTCMKTS:MONIF)

0

MONITISE PLC (OTCMKTS:MONIF) has been on a slow steady rise in recent weeks since trading as low as $0.027.  MONIF has been relatively dormant since the run up it made earlier this year after the Company said it was in early talks to sell its marketing content business, Markco Media.

MONIF as the ex-darling of small caps that looked destined for bigger things with large cap Companies such as IBM, Telefonica, MasterCard and Santander all invested significantly in the Company. MONIF exploded over $1 at the time but collapsed after the Company missed revenue projections significantly.

MONITISE PLC (OTCMKTS:MONIF) bills itself as the largest Mobile Money specialist in the world with a single-minded and realistic vision: to make money totally mobile across the globe. MONIF is working with over 300 of the world’s leading businesses and financial institutions across global territories to make the most of the opportunities this creates.

The Company offers a strong mobile banking platform through its Bank Anywhere, Pay Anyone, Buy Anything, and Engage Anytime services and has developed strong partnerships with Visa and MasterCard that connect it with millions of users around the world.

Already 28 million consumers benefit from Monitise’s patented technology to ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’, accounting for $71bn of payments, purchases and transfers annually.

In early January MONIF announced it has partnered with the MoneyPass Network to offer a range of advanced Mobile Money services and card control capabilities to card issuers in the United States. The MoneyPass Network is operated by Elan Financial Services, a division of U.S. Bank.

Monitise will be delivering a range of capabilities to MoneyPass Mobile users, including core mobile banking services such as balance checks and transfers, as well as more advanced services like mobile check deposit and cardholder-managed security controls. The scalable, cloud-based platform provided by Monitise will enable MoneyPass issuers to offer mobile money services rapidly, easily and securely.

To Find out the inside Scoop on MONIF Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

President of MONIF Mike Dreyer said “Thanks to mobile, the way that consumers are interacting with their financial institutions has transformed from just a few years ago. The level of engagement through mobile is staggering – users of Monitise-based mobile banking services often log in daily. Part of the reason this is so high comes down to trust, and we are looking forward to providing MoneyPass cardholders with greater access to mobile banking services on a platform they can rely on.”

According to a recent article MONIF plans to launch a new platform in April; the new approach Monitise is offering will make it easier for financial institutions, payment companies, mobile operators, retailers and network partners to connect to an increasingly mobile population. Monitise’s Central Platform provides the services and functionality required to manage and grow the new ecosystem.

While system integration capabilities continue to be provided by the Monitise Enterprise and Vantage platforms, each including a standard API interface to the Monitise Central Platform, customers can opt to use their own technology to connect directly to Monitise. As part of the Group’s evolving capabilities, content and service providers, including new industry schemes, can also connect directly to the published Open APIs of the central platform.

In March MONIF said it was in early talks to potentially sell its marketing content business, Markco Media, in a bid to transition to cloud-based services. Although the Company did not release any details we know that MONIF bought Markco Media, best known for being the parent company of coupon and deal site MyVoucherCodes.co.uk in 2014.

On February 23 MONIF announced its unaudited interim results for the six months ended 31 December 2016.

Monitise’s Chief Executive, Lee Cameron said – ‘Our transformation programme is nearing completion, and continued half on half EBITDA profitability demonstrates that it is working. Having successfully stabilised and simplified the Group, the challenge now is to grow our revenue. To help us achieve that we have recently appointed new senior management to two of our business units, and we remain fully committed to, and optimistic about, the potential of our FINkit platform. ‘Deadlines in 2017/18 for the implementation of regulatory initiatives that focus on increasing competition and opening up banking in both Europe and the UK are now imminent. These continue to ensure that delivering on digital transformation remains top of the retail banks’ agendas.

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $57 million market valuation MONIF carries a cash position of £88.2mm leading many to call the mobile money Company significantly undervalued at current levels. MONIF was a trailblazer linking banks and mobile money operators and building a business that could handle billions in payments every year and the stock still does have massive investor interest especially in the UK and liquidity built into it and is a prime candidate for a significant bounce/short covering really that looks like it has just started here. After all, MONIF We will be updating on MONIF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MONIF.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in MONIF either long or short and we have not been compensated for this article.

Share.

Leave A Reply

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.