Monitise (MONI)

 

BBM Money launches on Android and iOS platforms

BlackBerry Limited, PermataBank and Monitise (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.

At 9:12am: (LON:MONI) Monitise PLC share price was +0.13p at 42.63p