Global mobile money leader Monitise grows in Asia [China Daily: Hong Kong Edition]
(China Daily: Hong Kong Edition Via Acquire Media NewsEdge) Over its 10 years of existence, Monitise has successfully linked banks and mobile operators to create the world's first mobile banking, payments and commerce ecosystem. By enabling consumers to manage their finances and make payments directly from their mobile phones, Monitise has become a global leader in banking, paying and buying using a mobile device: what is now commonly referred to as "mobile money".
Delivering services to leading banks, payment companies, retailers, mobile networks and media owners, Monitise's secure technology platforms and services connect people with their money, open up new revenue streams, enable deeper engagement and ensure its partners stay competitive.
Today, the company delivers services around the world to over 350 financial institutions as well as strategic global partners such as Visa and Telefonica, which in turn offer Monitise solutions to almost 30 million global users. Currently, the company processes 3.4 billion mobile transactions annually with an approximate value of $71 billion and names Visa, MasterCard and IBM among its partners.
With a best-in-class platform and unique network approach specifically designed to embrace any device, operator and network, Monitise is responsible for the creation and ongoing development of an increasingly rich and diverse mix of mobile banking, payment and commerce solutions.
From its regional base in Hong Kong, Monitise has been extending its secure solutions throughout Asia. Through a partnership with Astra International Group in Indonesia, the award-winning BBM Money service supported by Permata Bank provides person-to-person payments, mobile phone top-up and bill payment capabilities to millions of BlackBerry users. In Hong Kong, Monitise is connected to Jetco and its 30 member banks, with Bank of China (Hong Kong) taking the lead on rolling out the first service, Easy TopUp, which enables PCCW-HKT customers to top up their mobile airtime and data SIM cards from their bank accounts instantly via mobile.
By positioning the company at the center of rapidly developing mobile money opportunities found across the continent, Monitise is set to further expand its operations across Asia.
Monitise's CEO Alastair Lukies, believes the opportunities for growth in Asia are particularly exciting: "We're proud to be a part of this growing network of mobile money collaboration that we're seeing develop in Asia. We already have a strong partnership base and are keen to extend this into China and other parts of the region where we see immense potential."
World Eye Reports provided the story
(China Daily 07/30/2014 page7)
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