In Indonesia, BlackBerry adds a multi-platform mobile payment system to BBM Money

In Indonesia, BlackBerry adds a multi-platform mobile payment system to BBM Money
In Indonesia, BBM is the most popular messaging app, especially on Android devices. Back in 2013, BlackBerry took advantage of this popularity  by starting a money transferring business which pit it against highly entrenched companies like Western Union. Now, with Indonesia trailing only China in the pace of e-commerce, BBM Money has been updated to allow BBM users on iOS, Android and BlackBerry to make mobile payments online and in stores.

Indonesia appears like the perfect place for BlackBerry to start expanding BBM Money. Less than 20% of the adults in the country have a bank account, less than 11% have a debit card and just 3% own a credit card. In that kind of environment, a mobile payment system must seem like manna from heaven.

Will BBM Money eventually make it to the states and challenge Apple Pay and Android Pay? Not likely. BlackBerry is looking to expand the service in other countries, but only those with "traits similar to Indonesia." For now, sticking to those few regions where BlackBerry is still a revered and relevant name is probably the smartest thing that John Chen can do with BBM Money.


source: BlackBerry via Crackberry

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8 Comments

1. vijay.alapati

Posts: 181; Member since: Jan 08, 2015

No point if its not using NFC

8. meanestgenius

Posts: 22107; Member since: May 28, 2014

The use of messaging for peer to peer transfers, mobile top-up and bill payments, and remote mobile payments or digital payments, is a lot more convenient than using NFC, especially when making use of international peer to peer money transfers.

2. waddup121 unregistered

awesome!

3. Mxyzptlk unregistered

Blackberry money seems like an oxymoron.

7. meanestgenius

Posts: 22107; Member since: May 28, 2014

Over 3.2 billion in the bank and growing every quarter says otherwise.

4. ninja_master

Posts: 306; Member since: Feb 27, 2015

Wait isnt it John Chen not Chan

5. techloverNYC

Posts: 601; Member since: Nov 20, 2012

I felt like once the popularity of Apple pay and Andriod pay rise, blackberry will fall again. It just don't seem likely ppl will continued to use BBM money when they are using Iphones or Andriod.

6. meanestgenius

Posts: 22107; Member since: May 28, 2014

Nice to see BlackBerry expanding on the traits of BBM. Having BBM money in Indonesia is a smart move, considering how popular BBM is in Indonesia (most popular messaging service there, especially amongst Android users). It's also smart to BBM money gain traction in places that Samsung Pay, Google Wallet and Apple pay aren't, and many never be, as big as the use of BBM. Apple Pay, for instance, is only big in the U.S. And with many retailers not even adopting it, it will never get as big as Apple wants. Kudos, BlackBerry. Keep pushing forward in the right places with this one.

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