Monitise plc is a United Kingdom-based company. The principal activity of the Company is the provision of mobile banking and payments technology solutions. The subsidiaries of the Company are Monitise Group Limited, which is an intermediate holding company; Monitise International Limited, which is engaged in mobile phone banking and payments services; Monitise Business Solutions Limited, which is engaged in providing mobile phone software services, and Monitise Inc., which is an intermediate holding company. Monitise Group Limited has an equal partnership in a joint venture with Monilink Limited. Monitise Inc. has a 49% share in a joint venture with Monitise Americas LLC. In March 2009, the Company announced the formation of Monitise India.