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Monitise makes waves

Shares in Monitise have almost doubled since our buy advice and there is more to come
September 12, 2011

Mobile banking and electronic payments software provider Monitise has been granted a patent for its virtual payment card system.

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The software acts like a virtual pre-paid card for a fixed amount of money or for a fixed time period and allows users to use their mobile devices to make purchases. Monitise also revealed it has a £78m order book, with £14m to be recognised in 2012.