Mobile money specialist projects £14m this year, up from £6m in 2010.
In a trading update, the UK m-payments and commerce firm said it's now handling more than 10m banking transactions a month for nearly 4.5m customers, including 100,000 account transfers and mobile payments a week with an average monthly value of more than £100 million.
It's projecting minimum contracted revenues at year end of approximately £55 million over the next five years.
That's over four times the level seen a year ago, on which basis Monitise expects to reach break-even in calendar 2013.
The firm works with all UK banks except Barclays and has a number of deals in place in overseas markets.
Last month it launched its first mobile money services in India with Standard Chartered, and signed a new five-year deal with Visa.
The group is also moving into retail mobile commerce with the imminent launch of the Mobile Money Network – a joint venture between Monitise, Best Buy Europe and Carphone Warehouse founder Charles Dunstone.
Monitise's CEO Alastair Lukies said: “Monitise continues to see very rapid growth across all areas of its business, both in the UK and internationally. The strength of our broadening partnerships and proven service delivery capabilities is a key validation that our strategy is working worldwide across mobile banking, mobile payments and mobile commerce."
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