What is "monilink"

MONILINK Limited is the banking service operating in the United Kingdom that gives customers access to their financial information directly from their mobile phones. Created in 2003 MONILINK is a joint venture between Monitise and LINK (UK). Promotional material promises consumers that, through the service: “The future of banking is in your hands”.

Currently, MONILINK offers customers the chance to check their bank balance in real time, view a mini statement detailing the last six transactions and add credit to up to five pay as you go phones. In the future, services will include options to move money between accounts, pay bills, and purchase travel tickets.