LONDON, January 22, 2014 /PRNewswire/ --
New three-year
mPOS partnership is first of its kind by a Finnish bank
OP-Pohjola Group, Finland's
leading banking group, has signed a three-year deal with global
Mobile Money specialists Monitise (LSE: MONI) to provide
multi-language mobile Point of Sale (mPOS) services for its small
business and merchant customers. OP-Pohjola Group is set to be the
first Finnish bank to offer an mPOS service.
OP-Pohjola Group comprises around 200 member cooperative banks,
OP-Pohjola Group Central Cooperative and its subsidiaries and
closely-related companies. As a group, it is the largest bank in
Finland.
The new service to be launched by OP-Pohjola Group and Monitise
will enable the bank's small business and merchant customers to
take card payments and view recent transactions via mobile.
OP-Pohjola Group merchant customers will also be able to generate
digital tax credit receipts to reclaim up to half of the value of
qualifying invoices as part of a government-backed scheme in
Finland*.
The service will be available initially across iOS and Android
platforms, and in Finnish, Swedish and English languages.
Commenting on the partnership, Kasimir
Hirn, Director of the cards and emerging payments business
at OP-Pohjola Group, said: "Following the success of our mobile
banking services we are delighted to announce the forthcoming
launch of mobile payment capabilities to empower our small business
customers to manage their finances more easily on the move, via the
bank they are familiar with. We recognise the power of mobile to be
an incredibly valuable channel to provide convenient, secure and
easily accessible services to make our customers' lives easier. We
look forward to working with Monitise to launch innovations in this
area."
Monitise President, EMEA, Will
Jones added: "OP-Pohjola Group has adopted an extremely
proactive and innovative approach to mobile, enabling them to
pioneer useful and engaging services for consumers. We're proud to
have been appointed as the bank's mPOS partner as we expand our
footprint in continental Europe
and are looking forward to working with them on the roll-out of the
services."
NOTES TO EDITORS
Monitise and OP-Pohjola Group will co-present at the Merchant
Payments Ecosystem event on February
18-20 in Berlin:
http://www.merchantpaymentsecosystem.com/
To find out more about Monitise mPOS and the wider mPOS
industry, visit http://www.monitise.com/mpos.
*The Finnish Government scheme, Kotitalousvähennys. More
information is available at
http://www.vero.fi/fi-FI/Henkiloasiakkaat/Kotitalousvahennys
For more information
about Monitise visit http://www.monitise.com