The application functionality is being developed via Globe, Monitise’s technology platform which allows financial institutions, service providers, payment companies and processors to create a wide array of Mobile Money services in both developed and emerging markets.

Monitise said that the new mobile money client services application in development for the BlackBerry platform, is a key part of its global growth strategy to deliver mobile money services more quickly, to an ever-increasing number of customers.

Monitise CEO Alastair Lukies said the new application they are developing for the BlackBerry platform will be an exciting enhancement to the mobile banking experience for BlackBerry smartphone users.

"Banks who deploy the app will be able to deepen relationships with their customers who use BlackBerry smartphones by offering better, faster, smoother control of their money through their handset. We look forward to working closely with RIM to deliver these services and announcing further updates," Lukies said.