Currently, there are over 4 Billion mobile users compared to 1.2 Billion users of the Internet. Global mobile banking take up is set to soar over the next five years, with the customer base using the technology expected to reach 1.1Billion by 2015. Mobile banking is the evolutionary step after Internet banking. It makes access to banking services more immediate and convenient to its user.
Through Touchstone Mobile, users can utilize their mobile phone into a financial services delivery platform, and bring consumers access to financial services that were typically only accessible in-branch or on-line before. Consumers can pay utility bills, send money to other accounts, remittances, view and pay credit card balances. As a continuous commitment to the consumers, more functionality will be added in the future.
Nokia is a pioneer in mobile telecommunications and the worldâs leading maker of mobile devices. Today, they are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay connected. Its mobile telephone market share was about 39% in the fourth quarter of 2009; up from 37% in the Q4 of 2008.
Symbian S60 was developed by Nokia and is one of the most-used smartphone platforms in the world today. A key feature of S60 is that it allows multi-tasking, so it supports more than one application being open at a time. Touchstone Mobile works with Phones that has a Symbian S60 OS provided that its MIDP (Mobile Information Device Profile) is version 2.0 and up. Currently, Nokia have more than fifty handsets using this operating system including the N91 and N95.
David Sinclair, CEO of Petra Financial commented, âWhen we started developing Touchstone Mobile, we envisioned bringing the mobile financial services to millions of people worldwide. With Nokiaâs track record in market positioning and brand recognition in the market, it is a great opportunity to extend our service to a wider reach.â
John Burton, Marketing Director of Petra Financial commented, âWe developed Touchstone Mobile on Smart-phones such as the iPhone and BlackBerry initially, to deliver an intuitive application that is easy to use, yet addresses all the banking services a customer wants to do wherever and whenever they need it. With the addition of Nokia Symbian S60, we are now widening our range of mobile phones that gives a majority of smartphone users the ease of use and security Touchstone Mobile can offer.â