Note: All financial figures for Monitise Plc was reported in Pounds (GBP). I will express all important figures in both GBP and USD. Please note that the exchange rate I used was £1=US$1.64- the exchange rate when this article was published.
Monitise PLC (OTCPK:MONIF), the brainchild of entrepreneurs Alastair Lukies and Steve Atkinson, was founded in 2003. It aimed to create a platform that allowed people to exchange money (Mobile Money) anywhere, anytime, using their mobile phones. Since then, Monitise has grown from a simple aspiration to a company worth over £1B, and now, it is favorably positioned to benefit from the rise of mobile phones and the emerging markets. In this article, I detail the factors that...
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