New mobile banking service sets up in Isle of Man
Douglas, 21 January 2009 - MoBank, a new mobile banking service due to launch across the UK in early February, has opened its head office on Loch Promenade, Douglas, on the Isle of Man.
MoBank is a brand new mobile banking service that lets you buy and pay for things using your mobile phone – wherever and whenever you like. The company currently employs five staff on the island, and expects to expand quickly, with around 20 more employees planned within the year, who will be recruited locally. All customer contact for MoBank will be handled from the Isle of Man head office, including inbound phone, email and web queries. The service is currently in its final testing phase by the Isle of Man team, ready for launch.
At launch, you'll be able to buy all sorts of things using MoBank, like cinema tickets, music, books, train tickets, flowers, gifts and takeaways. Soon after that, MoBank will help you manage your money, pay bills or people you owe money to, and transfer money between accounts, all from your mobile phone. It will be available first on iPhone and soon after on Java, Google and Blackberry phones.
MoBank is the brainchild of Steve Townend (MoBank's CEO) and Dominic Keen (COO), both of whom came from First Direct (the first telephone bank) and Egg (one of the first Internet-only banks). Townend was also previously operations director for Barclays Private Clients International, based on the Isle of Man. The company has a second office in Odiham, Hampshire.
The Douglas office will be run by Steph Gregg, who is the Operations Director of MoBank in the Isle of Man. Gregg worked with Townend and Keen at both First Direct and Egg, and also held management roles at Vodafone Retail, and Barclays Private Clients International, before joining MoBank.
Gregg says: "Mobile banking is the obvious progression for people with busy lives, who are used to doing everything on the move. But the real success of any new company comes from really understanding what customers want. A big part of our role here is to gain insights to what people want from MoBank so that we can develop new services. It's incredibly exciting to be involved at the start of something that has such huge potential."
For more information about MoBank, please see www.themozone.com. Or you can be the first to find out about new services from MoBank by following the company on Twitter: www.twitter.com/themozone.
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If you are a journalist and you'd like more information on MoBank, or to speak to Steph Gregg, please contact:
Kate Hartley
Carrot Communications
Tel; 0771 406 5233
Email: mobank@carrotcomms.co.uk.