24 August 2016
Find out more

BMO forms mobile money alliance with Monitise

20 December 2012  |  7466 views  |  0 Mobile banking on smartphone

BMO Bank of Montreal has formed an alliance with British m-banking outfit Monitise to develop new mobile money services.

Monitise says it will work with the bank across its smartphone applications, mobile web offerings and SMS services. The collaboration builds on an agreement formed in 2010 with Clairmail, the US-based mobile banking and payments provider acquired by Monitise in 2012.

Andrew Irvine, senior vice president, BMO Bank of Montreal, says: "With the size of the mobile money opportunity growing by the day, and the enhanced experience and convenience this channel provides to our customers, we plan to continue to build on our success in this area."

BMO rival CIBC in November carried out out the country's first NFC mobile credit card payment through an alliance with telco Rogers.

A CIBC-commissioned poll of 2026 people suggests smartphones are increasingly common in the country, owned by 44% of respondents, up from 33% in 2011. A third of these already bank through their handset.

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

CIBC and Rogers unveil mobile payments service

CIBC and Rogers unveil mobile payments service

02 November 2012  |  6222 views  |  1 comments | 5 tweets | 1 linkedin
Square arrives in Canada

Square arrives in Canada

24 October 2012  |  6373 views  |  1 comments | 11 tweets | 1 linkedin
Starbucks Android app arrives in Canada and UK

Starbucks Android app arrives in Canada and UK

11 July 2012  |  5220 views  |  0 comments
BMO expands retail video conferencing service

BMO expands retail video conferencing service

18 January 2012  |  5194 views  |  0 comments
Intuit takes GoPayment to Canada

Intuit takes GoPayment to Canada

10 January 2012  |  7036 views  |  0 comments
BMO and MasterCard team on contactless BlackBerry payments

BMO and MasterCard team on contactless BlackBerry payments

26 November 2009  |  13779 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit VocaLink.comVisit equens.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
7145 views 0 | 51 tweets | 41 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
5978 views 1 | 20 tweets | 10 linkedin
Teenager avoids conviction for CommBank DDoS attackTeenager avoids conviction for CommBank DD...
5919 views comments | 2 tweets | 3 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
5601 views comments | 17 tweets | 15 linkedin

Featured job

Find your next job