Monitise appoints Steve Chambers as Non-Executive Director

– UK, London – Monitise (LSE: MONI) is pleased to announce the appointment of the new Visa Europe representative to the Group’s Board, with Steve Chambers joining as Non-Executive Director, effective immediately.

Steven Robert Chambers, aged 54, has extensive technical expertise, having spent most of his career in the payments sector. As Chief Information Officer at Visa Europe, Steve has been responsible for Visa Europe’s processing business which means regional data centres and business operations, enterprise architecture, technology and systems build, all change management and Visa Europe’s processing centre of excellence. Steve joined Visa in 2005 and managed the delivery of the Visa Europe authorisation service in 2006 as the first step in the creation of a European payments platform. At the same time he built the organisation and infrastructure needed to complete this journey and deliver best in class services to the Visa Europe world. Prior to joining Visa, Steve worked for ACI, First Data Merchant Services and EDS.

Commenting on the appointment, Monitise Chief Executive Alastair Lukies said: “We are delighted that Steve is joining the Board at such an exciting time. Steve’s deep understanding of combining the very latest technology trends in payments and banking with the essential levels of reliability and scalability as well as his wealth of commercial experience will be an invaluable addition to our Board as we focus on the next phase of our growth.”

Steve does not currently hold shares in the Company. There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment.

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money – banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise’s technology platforms and services to securely connect people with their money.

Already 24 million consumers benefit from our patented technology to ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’, accounting for $50bn of payments, purchases and transfers annually.

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