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Recent announcement (fairly) MONI narrowed losses in the first half after a 67 per cent jump in the top line as demand continued to increase for its Mobile Money services. The company, which works with over 350 financial institutions to enable internet banking via tablets and mobile phones, reiterated its full-year guidance of 50% revenue growth and said it is still seeing positive momentum in the third quarter. Revenue totalled £46.5m in the six months to December 31st, up from £27.8m the year before. Monitise said that payments and transfers it processed during the period were worth $71bn on an annualised basis, compared with $31bn the year before.
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