Monitise collaborates with BlackBerry and PermataBank to launch mobile payments service on BlackBerry Messenger in Indonesia
11 Feb 2013
Monitise plc (LSE: MONI.L) announces that the world's first mobile payments service for BlackBerry® Messenger (BBM™) that it has helped to develop will shortly launch following a commercial pilot in Indonesia, the world’s fourth most populous country.
The BBM Money feature has been created by Indonesian financial institution PT Bank Permata Tbk (PermataBank) and BlackBerry, with the support of PT AGIT Monitise Indonesia (AGIT Monitise Indonesia), a joint venture between Monitise Asia Pacific and Astra Graphia Information Technology (AGIT), which is part of Astra International Group.
Following approval for the innovative new service via the central bank in Indonesia, BBM Money is rolling out via a commercial pilot for BlackBerry smartphones in the country ahead of a full launch.
BlackBerry users will have the option to access a Mobile Money account from their smartphone and make real-time payments simply and securely from within BBM to their contacts who are also signed up to the service, buy mobile airtime credit and transfer money to bank accounts.
Monitise Group Chief Executive Alastair Lukies said: “We see first-hand the appetite that consumers around the world have to manage their money on the move simply, safely and securely. This demand has created new high-tech job opportunities for our business in Britain where we now employ more than 500 Mobile Money specialists. Given this, we are extremely appreciative of the role that the UK government is playing in helping British companies succeed in the global economy.”
UK Prime Minister David Cameron and Britain’s Trade and Investment Minister Lord Green led a government trade delegation to Indonesia in April 2012 that Monitise Group CEO Alastair Lukies was part of, along with other UK business leaders.
Lord Green said: "Indonesia, as the largest economy in South East Asia, is one of the leading high-growth markets identified by UK Trade & Investment. We see great potential for the further expansion of our trade and investment relationship, and the country is on course to become one of the ten largest economies by 2030.”
He added: “Congratulations to Monitise for securing this excellent deal. Not only have they created British jobs, they have shown that UK companies can truly lead the way in bringing pioneering and innovative technologies to new customers all over the world."
Monitise has been working with Astra and PermataBank in Indonesia, the largest economy in South East Asia, since mid-2011.
“It is incredibly exciting that Indonesia is the first country in the world to develop a person-to-person payment service such as this. This launch is a ringing endorsement for how businesses with different commercial needs can collaborate in the fast-growing mobile, payments and banking space,” said Monitise Asia Pacific Chief Executive Darren Sugden.
Monitise plc (LSE: MONI) is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payment companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.
Monitise powers bank-grade solutions that are delivered on premise, or via cloud services. The value of payments and transfers initiated via Monitise’s platform technology is more than US$31bn on an annualised basis. Monitise has a global reach and unique set of partners and clients using its completely adaptable platform. More information is available at www.monitise.com.
For further information
Monitise plc Tel: +44(0)203 657 0900
Duncan McIntyre, Chairman
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Mike Keyworth, Chief Operating Officer
Haya Herbert-Burns Tel: +44(0)203 657 0366
Gavin Haycock Tel: +44(0)203 657 0362
Simon Bridges Tel: +44(0)20 7523 8000
FTI Consulting Tel: +44(0)20 7831 3113