Monitise PLC BBM Money Launches On Android and iOS
18 September 2014 - 6:00PM
RNS Non-Regulatory
TIDMMONI
Monitise PLC
18 September 2014
BBM Money launches on Android and iOS
Indonesian P2P payments service from BlackBerry, PermataBank and
Monitise
launches cross-platform
September 18, 2014: BlackBerry Limited (NASDAQ: BBRY; TSX: BB),
PermataBank and Monitise (LSE: MONI) today announced the
forthcoming availability of its BBM Money service for smartphones
running on Android, iOS and BlackBerry platforms. The launch is
among a series of initiatives from BlackBerry which are set to
enhance mobile payment capabilities for users of BBM.
BBM Money will be available for Indonesia customers using BBM on
Android, BlackBerry and iPhone, from early 2015. Service
enhancements will include the ability for BBM Money users to make
commerce payments in a highly convenient and secure way.
BBM has been widely reported to be one of the most popular
messaging applications in Indonesia. With the monthly active user
count having grown by 150% over the past 12 months, and with
Indonesia having only 11% debit card penetration and the 2nd
fastest rate of e-commerce growth after China, it is an ideal
target market for BBM Money.
Developed by Monitise and issued and managed by PermataBank, BBM
Money was initially made available in early 2013 to BlackBerry
users, offering basic mobile wallet services. The new BBM Money
will also be made available to Android and iOS smartphone users,
regardless of who they bank with or whether they have a bank
account. The new BBM Money will enable payments in participating
retail stores and online, while continuing to benefit from
bank-grade security measures including passcodes and encryption and
leveraging BlackBerry's expertise and legacy in security and
privacy.
Peter Radcliffe, President EMEA & AP at Monitise, commented:
"Interoperability, collaboration and scalability are key to success
in Mobile Money - and this initiative is a great example of that.
BBM Money is proof of how businesses can work together to give
consumers a service which is genuinely more convenient than what
they had before."
The announcement was made at a press conference today in
Jakarta, Indonesia. BlackBerry's press release can be found at the
following link.
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money -
banking, paying and buying with a mobile device. Leading banks,
payments companies, retailers and mobile networks utilise
Monitise's technology platforms and services to securely connect
people with their money.
More than 30 million users have registered for Monitise's
patented technology to 'bank anywhere', 'pay anyone' and 'buy
anything', accounting for $88bn of payments, purchases and
transfers annually. Additionally, apps designed by the Group's
Monitise Create and MEA divisions have been downloaded 30 million
times. More information is available at www.monitise.com.
For further information
Investor Relations
Andrew Griffin, Haya Herbert-Burns Tel: +44(0)20 3657
investorrelations@monitise.com 0366
Media Relations
Gavin Haycock
Gavin.haycock@monitise.com Tel: +44(0)20 3657
0362
Canaccord Genuity
Simon Bridges, Cameron Duncan
FTI Consulting Tel: +44(0)20 7523
Charles Palmer 8000
Tel: +44(0)20 3727
1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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