Monitise enhances its BBM Money service

Tuesday 24 September 2013 14:06 CET | News

UK-based mobile financial technology company Monitise has unveiled that its BlackBerry messenger peer-to-peer (P2P) payments service, BBM Money, has been enhanced with new functionalities including an array of bill payments, cardless cash withdrawals via ATMs and access via wifi.

The added features are designed to enhance the convenience of the BBM Money service launched earlier this year through Monitise’s joint venture with Astra Graphia Information Technology (PT AGIT Monitise Indonesia) in partnership with Indonesian financial institution PermataBank and BlackBerry.

The bill payment feature is set to enable BBM Money users to pay a number of bills including utilities, credit cards, post-paid mobile, internet and cable TV. New BBM Money users can access the service by downloading the application from BB App World and undertaking a registration process via their mobile device.

The extension of PermataBank’s cardless cash withdrawal service through the bank’s approximately 800 ATMs provides consumers with the possibility to withdraw funds from BBM Money. This is in addition to the existing facility to transfer money to any bank account.

In recent news, Monitise has entered a definitive agreement with Card Services for Credit Unions (CSCU), a US-based card processing association.

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Keywords: Monitise, BBM Money service, bill payments, cardless cash withdrawals, Monitise Indonesia, PermataBank, BlackBerry
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce