Money management comes to Android phones

Andy Betts

Monitise has launched a new mobile money management app for Android-powered smartphones

Money management comes to Android phones

Monitise has launched a new mobile money management app for Android-powered smartphones.

The Mobile Money app is free from the Android Market and offers a full range of account management, payment and commerce services, including bank account balance enquiries, mini statements, transfers between accounts and bill payments.

Monitise’s Mobile Money Manager platform has already been chosen by over 200 financial institutions in the UK and USA to provide mobile banking and payments services to millions of customers across over 2,700 different handsets. The bank grade security and use of existing banking infrastructures inherent in the platform mean that customers can use Monitise mobile applications from their bank with confidence.

Android is seen as a big potential player in the fast-expanding money market. Neil Sentance, vice president wireless business development at Monitise, said: “Android is going to be big and we will look to capitalise on its excellent customer experience capabilities, such as social networking. Soon, when Android owners are chatting to a friend on Facebook, for example, they might send them, from their mobile, a tenner they owe after a night out.”

The app will be compatible with all Android devices, and will be available for download soon.

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    One Comment »

    • Simon said:

      The problem with Monitise is that it uses Yodlee service, which:
      – keeps your login details and transactions on their servers
      – has a lag of up to 24 hours for transactions to appear
      – does not support transfers and payments
      – relies on screen scrapping and goes down every time banks make changes to thier web sites
      Functionally, Monitise itself does not do too much neither.

      The Bank Control UK for Android is around for a while now and it’s free (so, please, don’t consider this message to be a spam). It does not cover that many banks and accounts but there is no lag and it supports payments and transfers.

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