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  September 5, 2001
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Home > Company Index > Financial Services > Miscellaneous Financial Services > Mondex International Limited

Mondex International Limited
 PROFILE
If Mondex International (MXI) has its way, only lint will collect in the pockets of your jeans. The subsidiary of credit card giant MasterCard International is leading the move to electronic cash. Its Mondex smart card stores funds in up to five different currencies and can be used at merchants like credit or debit cards; it can also be used online as a confidential form of payment or to transfer money between individuals. Mondex cards are accepted in some 60 countries around the world. MXI licenses the Mondex technology (known as Multos) and trademarks to franchisees, which license members to issue the cards. Not-for-profit affiliate MAOSCO promotes the use of Multos through an international consortium.

 COMPETITION
American Express Company (AXP)
Sun Microsystems, Inc. (SUNW)
Visa International (dossier)

 DEALS
Deal: MasterCard to Acquire Mondex
Date Announced: 06.01.01
Value of transaction (US $Mil): Not Disclosed
Description: Pending shareholder approval, electronic cash company Mondex will be acquired by MasterCard International.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 38.00
1-Yr. Sales Growth: (21.5)%
Employees: 170
Revenue per employee: $223,529.41

 KEY PEOPLE
• Michael Keenan
    CEO
• Fiona Harmer
    CFO

 CONTACT INFO
47 - 53 Cannon St.
London EC4M 5SQ, United Kingdom
Phone: 44-20 -5000
Fax: 44-20 -5200
Online: Web Site

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