The company powers bank-grade solutions for over 350 financial institutions and other leading brands worldwide, enabling them to protect their existing customer relationships and transactions while creating new forms of mobile commerce revenue. Monitise's mobile payment platforms have facilitated over US $20 billion worth of payments and transfers annually and have 30 million users. They have strategic partnerships with Visa Inc., Visa Europe, RBS Group, Telefónica Digital, and FIS to develop and deliver Mobile Money services. Founded in 2003, Monitise has expanded its services to the UK, the US, Turkey, India, Hong Kong, and Indonesia.