Here’s part two of todays mobile banking and finances roundup. The first part was dedicated to stories from around the world, but Citibank has had a few stories of its own. So this follow-up is dedicated to those.
The Philippines gets its first Mobile browser banking service:
Via EE Times Asia
A big mobile browser banking service has been launched in the Philippines. The service was created by a joint venture between SK Telecom and Citibank Philippines – Mobile Money Ventures (MMV). MMV claims the service is the first of its kind in the area. It will allow Citibank customers to view account info, pay bills and transfer money and allows Citibank clients to access their account information. And since it’s browser-based, it will work on pretty much any phone.
From the report:
Steve Kietz, CEO of Mobile Money Ventures: “We are committed to offering next-generation mobile solutions for financial institutions and have worked closely with Citibank in the Philippines to develop a comprehensive, customizable and secure platform that delivers a rich mobile financial services experience to users.”
Jin-Woo So, president and head of global management service at SK Telecom: “With our expertise in telecom and mobile finance, SK Telecom is proud to provide advanced technology to customers worldwide and deliver the next-generation of mobile banking technology through our joint venture, Mobile Money Ventures. We are committed to further developing and expanding mobile banking services to additional markets.”
Citibank spearheads huge co-operation for NFC payments in India
Via Livemint
Citibank has launched a trial for an NFC based mobile payment system in India. The trial required a collaboration between Citibank, Nokia, Vodafone, MasterCard and VIVOtech. The ‘Citi Tap and Pay‘ system will allow credit card owners to use their phone to pay for goods at the checkout. Making the payment is done by simply tapping your phone on a reader at checkout.
The technology allows customers to link their phone to their credit card. The payment is free, since it doesn’t require SMS or mobile browser. The trial is only running in the city of Bangalore. It currently only works on the Nokia 6212 classic phones.
