BlackBerry plans mobile money services

Friday, February 28, 2014

Canadian smartphone maker Blackberry sees India as a key market for launching its mobile money services. The company plans to launch money transfer services on the Blackberry Messenger platform in partnership with local banks.

John Sims, President, Global Enterprise Services, BlackBerry told Business Line, “We have secure transport and a lot of people connected on that transport. We are looking at launching mobile payments, person-to-person money transfer. But we will not do it alone. We will do it with partners who have required licences.”

“In India, as Government moves to the National ID scheme, we see opportunity to integrate into that to be able to use finger printing recognition as ID to do money transfer,” he added. BlackBerry will, however, launch the service first in South East Asian markets.

Source: The Hindu Business Line (link opens in a new window)

financial inclusion, mobile finance