Carphone Warehouse has signed a deal with mobile money company Monitise to launch a shopping service for its customers.
The ‘Mobile Money Network’ application will be available for customers to download from early next year in the UK and will later be made available in its European outlets and America.
Carphone aims to reach tens of millions of consumers with the service via the application. Customers will be able to sign up to mobile banking services, buy goods and services, send money to other accounts, top up prepaid and loyalty cards.
Carphone chief executive Andrew Harrison said: “We are delighted with how our alliance with Monitise is developing. It is enabling Visa to optimize the development and user experience of Visa mobile applications for a broad range of mobile devices in the market today.”
Monitise chief executive Alastair Lukies said: “Monitise has reached a point of significant momentum. These new partnerships, together with the investments and full support of our existing strategic shareholders, validate our market leading status and position us very well to take the business through to profitability.
“People everywhere will be able do their banking, shopping and make payments from their mobiles as easily as they can talk and text.”