Monitise and Metavante to launch prepay card with Carphone Warehouse
09 May 2008
Monitise, the AIM-listed mobile banking and payments specialist, said today it was working with its New York-listed partner Metavante Technologies and Carphone Warehouse to launch a 'mobile money' scheme.
The launch will see the introduction of a Carphone Warehouse prepay card, managed directly from the mobile phone, that can be used to shop in millions of outlets worldwide.
Monitise said the deal combined Metavante’s prepaid and licensed software with its own Monilink mobile banking and payments network.
The service will include full mobile management, similar to that used by customers of many of the UK's major banks to manage their money on the move.
Alastair Lukies, chief executive of Monitise commented: “The launch of the Carphone Warehouse prepay card will change the way consumers shop and manage their money, while also making online and telephone shopping more convenient and secure.”
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