Mobile banking: what consumers really want

Will Jones is managing director EMEA and AP at Monitise

The growth of mobile money has been a steep upward curve and looks set to continue – Juniper Research predicts that there will be one billion mobile banking users worldwide by the end of 2017, up from 590 million in 2013. A recent Forrester report predicted that purchases on mobile devices would double by 2018, as even more people become comfortable buying online and retailers create more user-friendly mobile experiences

Webster Bank embraces Apple Touch ID biometric authentication


US-based Webster Bank has introduced fingerprint authentication, using Apple’s Touch ID technology. The move comes as financial institutions increasingly seek to use biometrics as a tool to improve security.

Monitise deepens ties with partners to raise £49 million


Monitise plans to raise £49.2 million through extensions of its relationships with Santander, Telefónica and MasterCard. The money raised will be used to ‘support the development and accelerated roll-out of its global platform capabilities’.

Banks should go digital says Monitise

Generation Y consumers are happy to bank without a branch, using just a smartphone

The time is right for a new breed of digital-only banks to enter the market and steal away share from the established players, according to a new report by Monitise.

Monitise targets Turkish mobile money

Istanbul's Pozitron will now become part of Monitise's mobile money empire

Mobile money firm Monitise has acquired Pozitron Yazilim, an Istanbul-based mobile technology specialist, in a £24 million all-shares deal that highlights the growing demand for mobile financial services in the eastern Mediterranean’s largest market.

Mobile wallets face uphill struggle in UK

UK consumers have yet to be convinced by mobile payments

Less than one in ten UK consumers has used a mobile wallet, despite the widespread availability of the technology, a new study has found.

Visa Europe, IBM and Monitise plan European mobile revolution

Visa Europe, IBM and Monitise plan to revitalise mobile payments in Europe

Visa Europe and its majority-owned mobile money specialist Monitise have signed a deal with IBM in a major mobile banking and mobile payment collaboration targeting Europe’s banks.

Canada’s Desjardins financial cooperative pushes NFC offering


Canada is seeing a fresh push to promote near field communication (NFC) services after Canadian cooperative financial group Desjardin signed a deal with mobile money solutions provider Monitise and a joint venture with the nation’s three largest mobile operators.

PermataBank pilots BlackBerry Messenger Payments with Monitise

Indonesia is the largest economy in South-East Asia

Indonesia-based  PermataBank has developed the first mobile payments service for the BlackBerry Messenger service.  The bank has teamed up with UK mobile banking solutions provider Monitise to roll out a commercial pilot of BBM Money in the country ahead of a full launch. BlackBerry users will have the option to access a Mobile Money account from their […]