Carphone Warehouse, Monitise Partner for Mobile Financial Services

Commenting on the alliance, Charles Dunstone, founder and Chief Executive of the The Carphone Warehouse said: "The mobile phone is at the centre of our social and working lives. Whether you are staying in touch with family and friends, accessing your favourite website or taking a photo of that moment you want to share with everyone, your mobile is simply the one thing you won't leave home without!”

"Having real-time mobile access to banking and payments is a great service that will help our customers stay in touch with their finances, giving additional peace of mind when they need it most. Monitise has established itself as a leading expert in Mobile Money by connecting with the widest range of leading banks and mobile network partners. Our partnership means that the majority of consumers can simply 'switch on' their mobile bank!”

"Mobile Money is going to revolutionise the way we interact with our finances. I get an alert via SMS when something happens on my account and can then enter a secure application to move money around instantly. We have customers sending money overseas via mobile phone and others paying their bills while on the train on the way to work," said Alastair Lukies, CEO of Monitise Group.

"By ruthlessly focusing for the past six years on the secure connections and commercial agreements that are required to bring these services to the mass market, we have truly created a platform that makes the mobile phone a 'remote control' to your money. The alliance with the Carphone Warehouse is a milestone agreement for us and our partners and it creates the largest 'Mobile Money' ecosystem in the world."

The initial phases of the partnership will see the two businesses promoting 'Mobile Money' services to consumers through stores, websites, call centre agents and other marketing initiatives.