Thursday, May 22, 2008

Paybox and Celcom come together to launch new mobile payments and banking solutions in Malaysia

Malaysia based Celcom Berhad and Paybox, the well known company for mobile payment solutions have come together to launch a mobile banking and mobile payment solutions for the Malaysian market. E banking has a diverse presence in Malaysia till now. Just a few banks provide m banking solutions to their customers to enable them to access their e bank systems using a Java client on their phone. As most customers do not have Java enabled phones the benefits remain unused. Celcom is aiming at providing a simple platform for m-banking and m-payments. The idea is to allow the customers to access their accounts at any bank at a minimal investment by the participating banks.

In its initial stage Celcom will enable mobile access to the Celcom-TuneMoney Prepaid VisaCard. The card holders will get to check their balances, transaction details and recharge their prepaid airtime and transfer money to each other. The plan is to expand the system and provide extended remittance, bill payment and merchant payment services at a later stage.

With this Paybox aims at expanding its base in the South East Asia. The Paybox solution is provided to Celcom through its partner Idot TV Sdn Bhd. Idot TV is a technology enabler for mobile solutions and value added services. It has operations in Malaysia, Indonesia, Bangladesh and Cambodia.

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