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Tuesday, February 10, 2009

Mobile Banking and Prepaid Cards

Keep an eye on the convergence of mobile banking and prepaid cards. This is a really hot topic right now, and could help generate some revenue until someone is able to move NFC payments forward.

M-Cube launches mobile pre-paid card system
"Prepaid card outfit M-Cube has lunched a mobile banking application for consumers using pre-paid cards in the UK and Ireland.

Subscribers to the service can carry out a range of transactions directly from their mobile phones without the need to sign into their account via a computer. The secure SMS-based application enables cardholders to activate cards, arrange account top-ups, check balances, order a mini-statement, and report lost or stolen cards. The app also includes facilities for live chat and foreign currency transfer."

1 comment:

denis said...

I think like you that is a hot topic. Yesterday in Europe there is an alliance between MasterCard and Accor group which is the leader (for example in France)for all the pre-paid paper vouchers (like restaurant subsidiary by employers, etc). And they target to get 5% of the European market of pre-paid cards.

http://insiden.blogspot.com/2009/02/accor-mastercard-mobile-payment-and.html