Monitise partners BOCHK for m-payments initiatives

Payments via mobile phones

Bank of China (Hong Kong) (BOCHK) has signed a memorandum of understanding with Monitise Asia Pacific’s Hong Kong Business, designed to explore new ways for people to make payments to their mobile phones (view press release). The companies plan to develop and launch services enhancing the bank’s service channels in Hong Kong via Monitise’s enterprise technology platform, which processes around 1 billion transactions annually for consumers.

As we continue on our mission of global mobile money innovation and building an ever-larger ecosystem for banking and payments as cashless transactions grow, it is essential that we collaborate with other leaders in their respective fields,” said Lam Wai Yee, MD of Monitise Hong Kong. “We are delighted to be working with BOCHK, a leading banking group in Hong Kong, to fuel the growth of mobile payments.”

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