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BlackBerry is Testing Money-Transfer Service

Sections: Business News, Communications, Mobile, Smartphones

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While the fate of BlackBerry remains at the forefront of debates amongst gadget circles, the cellphone company is trying new things, doing what it can to remain in the ‘black,’ so to speak. On Tuesday, Bloomberg reports, BlackBerry is working on a wireless money-transferring service through their BlackBerry messenger application.

The ‘Money Messenger’ service is beginning a pilot project with Indonesian bank, PT Bank Permata (BNLI,) currently part-owned by Standard Chestered PLC (STAN.) BB is the leading smartphone brand in Indonesia, making it a good place to test out the service.

A day after Samsung and Visa penned a deal to begin working on wireless payment system payWave, the Canadian smartphone company hopes to quickly roll their service out to their 60 million worldwide BBM customers. With an estimate of 79 million BB users, the mobile money exchange program will hope to influence the one-third or so customers who don’t use BBM service to make the switch.

Clearly, we can see the future of monetary exchange probably lies in the abilities of our smartphones. Makes sense, right? Let’s see how it plays out.

 

<Source: Bloomberg>

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