Tag: BBM Money

Partnership with PayPal will make mobile payments possible through BBM app

BlackBerry has been struggling to compete in the mobile space for some time, but focusing into the mobile commerce space may give the company the edge it needs to engage consumers. BlackBerry has announced that it has partnered with PayPal in order to develop a method to allow BlackBerry users to send and receive money. Transactions will be conducted through BBM chats, which will be accessible to iOS and Android BBM users as well.

Beta version of app is now being tested in Canada

A beta version of the application that will be used to make transactions has already been released, but testing for Android and iOS BBM users is being limited to those living in Canada. Through the BBM app, users can use the “Send Money” icon provided by PayPal, which will allow them to transfer funds to others using the application. Funds will be passed between PayPal accounts, so users must have an authorized account before their can receive money.

BlackBerry finds challenges in working in the mobile commerce space

BlackBerry has involved itself in the mobile commerce space in the past, but has found limited success in doing so. BBM Money was one of the first mobile payments service from the company, which allowed users to send funds to others. They could also use this service to send people pre-paid mobile credit, which could be used for a variety of purposes. BlackBerry has not found the same success in mobile commerce as other companies, such as PayPal and Google.

Engaging in mobile commerce may give BlackBerry the tools it needs to compete

Companies that have begun focusing on mobile commerce have begun finding success in their favored markets. For BlackBerry, a greater focus on mobile commerce may provide the company with more momentum, allowing it to compete with both Apple and Google when it comes to the mobile payments market. BlackBerry users have been seeking mobile commerce solutions for some time, but their options have been quite limited due to the lack of support that BlackBerry devices have for mobile transactions.

The company formerly known as RIM has now debuted its transaction service within the country.

BlackBerry has just announced that it has become the latest player within the rapidly growing and highly competitive mobile payments environment, as it has now started an Indonesian pilot launch of its BBM Money service.

This service will allow the device users to transfer money through the use of an instant messenger service.

By using BBM Money, BlackBerry device users are able to create accounts through those gadgets so that they will be able to make mobile payments in real time to contacts on their BlackBerry Messenger (BBM) account, or to other bank accounts of non-contacts. They will also be able to purchase prepaid SIM cards and additional airtime for their devices by way of this new service.

This new mobile payments service is the result of a partnership with PT Bank Permata in Indonesia.

It is the PT Bank Permata that is issuing the BBM Money mobile payments accounts through this trial of the service. BlackBerry has also pointed out that it is using bank grade security measures in order to ensure that users can enjoy transactions that are safe and secure. Among those measures include encryption, passwords, limits, and monitoring.

The device manufacturer, based in Waterloo, Ontario, Canada, decided to launch its service for the first time in Indonesia, partly because of the massive popularity of BlackBerry devices within that country. In fact the brand currently boasts 240 million users within the Indonesian marketplace.

According to a media release from the company which quoted T.A. McCann, the vice president of BBM and social communities for the organization, “BlackBerry leads the mobile and smartphone market in Indonesia, where BBM is extremely popular with our customers.” McCann went on to say that “BBM Money, which uses BlackBerry’s BBM service, further evolves the BBM experience to move from real-time chat to meaningful and convenient real-time engagement.”

This makes the Canadian smartphone manufacturer and technology developer the very latest in the mobile payments environment. It is joining many other large players, which just recently included Samsung and Visa, which have partnered together for their own contactless method.