Visa Alliance with Monitise to Advance Global Deployment of Mobile Payments and Related...

Visa Alliance with Monitise to Advance Global Deployment of Mobile Payments
and Related Services

Visa to Make A Minority Equity Investment in Monitise

SAN FRANCISCO, June 30 /PRNewswire-FirstCall/ -- Visa Inc. (NYSE: V), the
world's largest retail electronic payments network,(1) today announced that it
has entered into a strategic alliance with Monitise plc (LSE: MONI.L) to
facilitate the delivery of Visa mobile payments and related services to
consumers around the world. Concurrent with the strategic alliance, Visa has
agreed to make a minority equity investment in Monitise, subject to Monitise
shareholder approval. Monitise is a recognized expert in mobile financial
services that operates payments and mobile banking services for some of
world's leading financial institutions.

The alliance provides Visa with a strategic development partner for its
comprehensive suite of mobile services, including mobile payments, mobile
money transfer, mobile transaction alerts and mobile marketing offers.
Monitise delivers unique expertise that facilitates customized development of
mobile financial services for a broad range of handsets that exist in the
marketplace, ensuring an optimized user experience. Through detection of phone
make, model, screen size, browser type and multimedia capabilities, Monitise
can optimize the user experience for Visa mobile payments and related
services. The two companies will work together to increase speed to market of
unique payment and related services including mobile user enrollment services,
application development and channel management.

"With the ever expanding growth in handsets, coupled with increasing
sophistication of mobile networks, mobile payments and services present a
significant growth opportunity for Visa as we continue to develop new ways to
bring the benefits of Visa electronic payments to more people in more places,"
said Tim Attinger, Global Head of Product Development at Visa Inc. "In
aligning with Monitise, we expect to expand the delivery of Visa mobile
services to consumers around the globe, enabling them to use their mobile
phones seamlessly to purchase goods and services, make payments, receive
valuable information and offers, and transfer money between accounts, in a
safe and secure manner."

Monitise is a leader in mobile financial services, bringing together leading
financial institutions, mobile operators and consumers through mobile devices.
Monitise's experience in developing and operating mobile platforms for
financial institutions makes them an ideal partner for advancing Visa's mobile
strategy.

"Visa is the world's leading, innovative payments system," said Alastair
Lukies, Chief Executive, Monitise plc. "This alliance validates our unwavering
commitment to building truly accessible, inclusive and reliable services. It
is a landmark announcement in the mobile payment space and we are excited to
collaborate with the world's foremost payments company to accelerate the
convergence of payments services and mobile devices. We are also delighted to
add Tim Attinger to our advisory board; his deep payments and mobile expertise
will make him a valued contributor to our strategic decision making body."

Over the last two years, Visa has worked closely with critical mobile industry
stakeholders, including network operators, handset manufacturers, technology
providers and industry groups to integrate the benefits of Visa electronic
payments with mobile technology. This alliance further reflects Visa's
progress through partnership philosophy, and supports Visa's mobile strategy
to deliver the benefits of electronic payment products and services through
the more than 4 billion mobile devices in use around the world.

As part of its strategic alliance with Monitise, Visa has agreed to make a
minority equity investment in Monitise, subject to Monitise shareholder
approval and the satisfaction of certain other conditions. More details can be
found in Monitise's shareholder circular.

About Visa Inc.

Visa Inc. operates the world's largest retail electronic payments network
providing processing services and payment product platforms. This includes
consumer credit, debit, prepaid and commercial payments, which are offered
under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys
unsurpassed acceptance around the world, and Visa/PLUS is one of the world's
largest global ATM networks, offering cash access in local currency in more
than 170 countries. For more information, visit www.corporate.visa.com

(1) Based on payments volume, total volume, number of transactions and total
number of cards in circulation.

SOURCE Visa Inc.

Elvira Swanson, Visa Inc., +1-415-932-2564, globalmedia@visa.com; Elizabeth
Patella, Brunswick Group, +1-212-333-3810, EPatella@BrunswickGroup.com