Mobile banking, payments and commerce company Monitise PLC announced expected results for its financial year ending June 30, 2012. Official numbers are to be released in September. Most notably, Monitise revenue for the full year 2012 is expected to be nearly 2 1/2 times the previous year's results. Monitise said it expects revenues to reach $53 million, up from $22 million last year. That's the third year in a row the company has doubled its previous year's revenues.

"Once again the Monitise team has achieved substantial growth in the financial year 2012 and proven the global demand for a truly bank-grade mobile money platform," said Monitise Group Chairman, Duncan McIntyre.

Last year was a busy one for Monitise. The company completed its acquisition of mobile technology company Clairmail for $173 million at the end of June. Additionally, the company reported that its registered customers increased to nearly 16 million, 3 1/2 times the total in 2011. Monitise is gaining half a million new registered customers per month, the company said.

Currently, Monitise provides white label mobile money services to more than 300 financial institutions and partners, including one-third of the top 50 financial institutions and, of these, eight of the top 13 in North America. The company said it is handling more than a billion transactions per year and its payments and transfers volume is worth $15 billion per week on an annualized basis.

"The Mobile Money landscape continues to grow at an astonishing rate," said Monitise Group CEO Alastair Lukies. "As a major global force in mobile money, Monitise remains positioned at the center of this huge ecosystem with its platform, skills and partnerships driving another year of phenomenal growth."

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