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December 4, 2013

Monitise launches Chinese cloud-based Mobile Money platform

The service will be supported by JETCO, providing access to a real-time guaranteed source of funds.

By Amy-Jo Crowley

Monitise has extended its services across China as it launches a Chinese version of its cloud-based mobile banking and payment services in Hong Kong.

Easy TopUp allows users to top up PCCW-HKT pre-paid SIM cards with payment taken direct from their bank account instead of purchasing vouchers from shops.

The platform has been designed to connect networks of Mobile Money players, such as banks and mobile network operators, creating value-added services for their customers

Monitise Asia Pacific CEO Darren Sugden said: "This launch provides a solid foundation for future initiatives in this market and across the broader Asia Pacific region."

The launch comes not too long after Monitise joined more than 100 UK companies accompanying Prime Minister David Cameron in China on a trade mission to secure new business opportunities.

Cameron said: "I am delighted that Monitise are joining me in the largest British business delegation to go to China this century.

He added: "This Government’s priority is to secure the economic recovery and we are determined to all we can to help British companies to succeed in the global race. I am firmly committed to playing my part which is why I have taken more than 130 business delegates to China."

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