No BlackBerry money service for SA

BlackBerry maker, Research In Motion (RIM) says it has no plans to launch its money messenger service, BBM Money, which has made its debut in Indonesia.

Much like South Africa, BlackBerry is a leading handset player in Indonesia, which boasts a population of 242 million people.

The service was launched in a commercial pilot phase on Tuesday (26 February) and will be managed by PermataBank.

With BBM Money, customers will be able to create and access a mobile money account from their BlackBerry smartphone and make real-time payments to their BBM contacts who are also signed up to the service.

They can also buy mobile airtime credit and transfer money to bank accounts.

PermataBank will issue BBM Money mobile money accounts and process financial transactions.

The service is protected by bank-grade security measures including a passcode, encryption, monitoring, and limits as required by PermataBank under Bank Indonesia regulations.

“We’re excited to have announced the commercial pilot of BBM Money service in Indonesia, but haven’t announced plans to make the service available in any further markets at this time,” RIM said in a statement to BusinessTech.

While BlackBerry has seen its market share drop to 79 million users at the end of last quarter, in countries like Indonesia and South Africa, the handset remains the dominant player.

It is believed that seven million people own a BlackBerry in the South East Asian country, and RIM estimates this figure could reach nearly 13 million by 2015.

In South Africa, World Wide Worx says that, of a total of around 10-million smartphones sold in the country, about 4.8 million are BlackBerry devices.

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No BlackBerry money service for SA