Carphone Warehouse to launch mobile payment services

The retailer will enable consumers to pay for bills and make money transfers using their mobile phone

Mobile payment services will be promoted at Carphone Warehouse's stores

Mobile retailer Carphone Warehouse is preparing to launch a mobile payment service offering, which will include applications to pay bills and send money overseas.

In its initial stages, the retailer’s partnership with mobile payment specialist Monitise will see the both businesses promoting the service range, dubbed “Mobile Money” to consumers via stores, web sites, customer service agents and other channels.

The retailer’s plan is to offer customers a "remote control" to their money and take advantage of the increase in uptake of mobile transactions.

“The mobile phone is at the centre of our social and working lives,” said founder and chief executive of Carphone Warehouse Charles Dunstone.

“Whether you are staying in touch with family and friends, accessing your favourite web site 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," he said.

Advances in technology will drive a 12-fold increase in mobile transaction values to more than £600bn by 2013, according to research carried out by Informa Telecoms & Media.

According to the study, almost 300 billion transactions will have been conducted by that time.