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 Monday, March 16, 2009

Deutsche Bank’s Global Transaction Banking (GTB) division has announced that it is introducing mobile phone payments services to its clients in 80 countries across Europe, Middle East and Asia. Luup, a European-based mobile payment provider, will partner with Deutsche Bank to provide the service.

This new mobile payment service will allow the Bank’s GTB clients to offer millions of consumers an instant and secure payments and money transfer service from any mobile device with any mobile network. It is the first time a major commercial bank has offered a cross-border mobile payments service to its banking and corporate customers.

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Source: Cellular News.