30 August 2016
Find out more

BlackBerry trials BBM Money service in Indonesia

11 February 2013  |  9532 views  |  0 mobile keypad

BlackBerry is preparing to pilot a person-to-person mobile payments service within its BBM instant messaging system in Indonesia.

The BBM Money commercial pilot will let users access an account from their smartphone and make real-time payments from within the messenger app to their contacts who are also signed up to the service. Customers will also be able to buy mobile airtime credit and transfer money to bank accounts.

Having secured approval from Indonesia's central bank, the service - developed by BlackBerry with local financial institution PermataBank and AGIT Monitise Indonesia - the pilot is now imminent, with a full launch expected to follow.

Darren Sugden, CEO, Monitise Asia Pacific, says: "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."

Monitise today posted first half revenues of £27.8 million, up 63% on the same period a year ago, although the firm also saw losses widen thanks to its recent acquisition of Clairmail and heavy investment in its platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BMO forms mobile money alliance with Monitise

BMO forms mobile money alliance with Monitise

20 December 2012  |  7475 views  |  0 comments | 7 tweets
Monitise confirms placing, acquisitions and delay to break even

Monitise confirms placing, acquisitions and delay to break even

04 December 2012  |  6869 views  |  0 comments | 2 tweets
Monitise in talks to raise £100m

Monitise in talks to raise £100m

29 November 2012  |  7006 views  |  1 comments | 5 tweets | 3 linkedin
US banks walk away from struggling BlackBerry

US banks walk away from struggling BlackBerry

06 November 2012  |  12018 views  |  0 comments | 18 tweets | 7 linkedin
Bank Negara Indonesia taps voice biometrics for password resets

Bank Negara Indonesia taps voice biometrics for password resets

28 March 2012  |  6161 views  |  1 comments
Monitise agrees Clairmail acquisition

Monitise agrees Clairmail acquisition

26 March 2012  |  7591 views  |  0 comments
Telefonica to run BlackBerry NFC wallet and access control trials

Telefonica to run BlackBerry NFC wallet and access control trials

25 November 2011  |  7378 views  |  0 comments
BlackBerry gets NFC support

BlackBerry gets NFC support

03 August 2011  |  10050 views  |  0 comments
Monitise forms Indonesian JV; signs up Permata

Monitise forms Indonesian JV; signs up Permata

28 July 2011  |  6967 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit equens.comVisit capgemini.com

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
8933 views comments | 23 tweets | 25 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6599 views comments | 14 tweets | 14 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6405 views comments | 11 tweets | 10 linkedin
Mondo becomes MonzoMondo becomes Monzo
6160 views comments | 14 tweets | 8 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
5760 views 0 | 5 tweets | 10 linkedin

Featured job

Find your next job