BlackBerry Plans Mobile Money Services in India

The Canadian smartphone maker, Blackberry is reportedly eyeing India as a major market for its mobile money services. The company plans to launch money transfer services on the Blackberry Messenger platform in partnership with local banks in the country, soon.

Confirming so, John Sims, the president of Global Enterprise Services at BlackBerry said, “We have secure transport and a lot of people connected on that transport. We are looking at launching mobile payments, person-to-person money transfer. But we will not do it alone. We will do it with partners who have required licences,” in the Hindu Business Line report. However, BlackBerry will launch the service first in South East Asian markets.

Britain-BlackBerry-logo-635In India, since the government is moving towards the National ID scheme, BlackBerry sees the opportunity to integrate with it. The company will use finger printing recognition as ID to do money transfers.

Recently, BlackBerry launched a new instant messaging service, the Enterprise BBM (eBBM) Suite that claims to be a highly secured communication-medium. BBM Protected will be the first solution offered in the new eBBM Suite, as the company conceives that it can use the new secured platform to offer services like money transfers and mobile payments.
This service will only be available on the BlackBerry handsets only.

The new messaging platform will be compliant with the requirements law enforcement agencies in different countries. The company was, recently, forced to set up a server in Mumbai to enable security agencies to keep of track of data flowing through BlackBerry Internet Services and BBM.

Leave a Reply