25 July 2017
Download the paper now.

BlackBerry trials BBM Money service in Indonesia

11 February 2013  |  9956 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  |  7740 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  |  7167 views  |  0 comments | 2 tweets
Monitise in talks to raise £100m

Monitise in talks to raise £100m

29 November 2012  |  7306 views  |  1 comments | 5 tweets | 3 linkedin
US banks walk away from struggling BlackBerry

US banks walk away from struggling BlackBerry

06 November 2012  |  12381 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  |  6523 views  |  1 comments
Monitise agrees Clairmail acquisition

Monitise agrees Clairmail acquisition

26 March 2012  |  8059 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  |  7638 views  |  0 comments
BlackBerry gets NFC support

BlackBerry gets NFC support

03 August 2011  |  10408 views  |  0 comments
Monitise forms Indonesian JV; signs up Permata

Monitise forms Indonesian JV; signs up Permata

28 July 2011  |  7344 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.ncr.com

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
9841 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
9515 views comments | 10 tweets | 6 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
9252 views comments | 25 tweets | 16 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
8713 views comments | 27 tweets | 27 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
8672 views comments | 7 tweets | 21 linkedin