Monitise has announced that it has deployed and launched a mobile money platform with full access for Chinese speakers. The initial launch in Hong Kong is a key pillar of Monitise’s plans to extend its services into mainland China.
‘Easy TopUp’ offers real-time mobile service to top up PCCW-HKT pre-paid SIM cards with payment taken direct from their bank account, as opposed to purchasing vouchers from convenience stores.
“I am delighted that Monitise are joining me in the largest British business delegation to go to China this century,” said Prime Minister David Cameron. “This Government’s priority is to secure the economic recovery and we are determined to do 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, including Monitise. My aim is to open the door for them in this fast-growing market, creating opportunities for them to expand their business.”
Monitise Chief Executive Alastair Lukies said: “I’m delighted to be in such good company on this trip alongside many leading interests representing British industry, academia and the arts all seeking to strengthen our trading ties with one of the world’s most dynamic economies.”
Mr Lukies added: “Britain plc is perfectly placed to reap the commercial benefits that can be unlocked by enterprising business and technology. With the launch of our first Chinese language Mobile Money service we are proud to be playing our role through collective collaboration with our partners to create new ways to bank, pay and buy via mobile handsets and tablets in our increasingly connected world.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.