Mobile financial services application compatible with Android announces Citi/SK Telecom joint venture

Telecomworldwire, June 24, 2008

TELECOMWORLDWIRE-24 June 2008-Mobile financial services application compatible with Android announces Citi/SK Telecom joint venture(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Mobile Money Ventures LLC (MMV), a joint venture of Citi (NYSE:C), which provides financial products and services, and SK Telecom (NYSE:SKM) (KSE:017670), a provider of wireless telecommunications services using code division multiple access and wireless code division multiple access, reported yesterday (23 June) that its solution for mobile financial services is compatible with Android.

A software stack for mobile devices that includes an operating system, middleware and key applications, Android is developed through the Open Handset Alliance, a multinational alliance of technology and mobile industry leaders, including Google and other players. The Android-compatible application developed by MMV allows financial institutions to deploy mobile banking applications that allow end users to use their mobile device to pay, track and manage finances, access to a stock monitoring feature that allows for real-time trading, portfolio management and market information.

MMV is a solution provider of the next generation of mobile financial services applications, built on the financial services and technology leadership of Citi and SK Telecom.

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