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Mobile Banking On The Rise [Back to News Reports]
28th June 2005 - Connex and Raiffeisen Bank are pleased to announce that they have reached ten thousand users of myBanking, the service that allows Connex and Raiffeisen Bank clients to access banking information on their mobile.

"We are very pleased to be leading the market in mobile banking. This significant milestone shows the success of myBanking. Two years ago, we made it possible for Connex and Raiffeisen Bank clients to experience the real mobility benefits of mobile banking services. Today, we are looking forward to further growing this successful service and offering our customers new advantages", said Ted Lattimore, President and COO Connex.

"Raiffeisen Bank wanted to provide the customers with an easy and quick access tool to the accounts opened with us. The exceptional results and success registered by the "myBanking" service prove that our strategy of offering various options, various access channels (branch network, fix or mobile telephone, POS terminals and ATMs) was well received by our customers", stated Steven van Groningen, President and CEO of Raiffeisen Bank.

Launched on July 30, 2003, myBanking is available to all Connex customers, postpaid and users of Cartela Connex, who have a Raiffeisen Bank account.
The service enables Connex users to pay their mobile telephony bills or to recharge their pre-paid card credit through the mobile phone, everywhere in the Connex network coverage area.

Clients can also make transfers, directly on the mobile phone, between different Raiffeisen Bank accounts, and also between their Raiffeisen account and other accounts of any other banks. Both services are available for ROL transactions in the Connex network coverage area, as well as when roaming.

myBanking users can also activate the ATM Finder and Bank Finder services, useful for finding the nearest Raiffeisen ATM or branch.

myBanking was awarded as "The most innovative ITandC Romanian service", at the ITandC Awards of Romania, 2004 edition, an event organized under the patronage of the Romanian Presidency.

Connex is the first video mobile telephony network in Romania and had 5,022,902 customers, as of March 31, 2005. Connex is a trademark of MobiFon S.A., a subsidiary of Vodafone Group Plc. Vodafone is the world's largest mobile community with equity interests in 27 countries and Partner Networks in a further 14 countries. Providing a full range of mobile telecommunications services, including voice and data communications, Vodafone currently serves more than 154.8 million proportionate customers worldwide.

Raiffeisen Bank is one of the leading banks in Romania with a market share of 9.3% of total assets. The bank has 204 banking outlets throughout the country offering a full range of services and products for individuals, SMEs and large corporations. At the end of 2004, the bank had more than 1.5 million customers (out of which more than 95,000 SME's) and 4,500 corporations.


 

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