The MoBank Group is a mobile commerce front-runner that processes more transactions via its SAAS platform than any other player in the UK (historically in excess of £75 million). The volume of transactions running through MoBank’s platform has tripled between May 2011 and November 2011. In 2011, MoBank processed over 685,000 mobile payments.
As a secondary business line, MoBank provides services for payment card issuers to provide services to their customers to view card balances, view recent transactions and perform account management tasks. Additionally, MoBank is registered a money remitter with the FSA and plans to be able to offer basic money movement services in 2012.