BlackBerry could turn BBM into an ATM in emerging markets

The mobile transfer of money is popular around the world, but it's becoming increasingly attractive to firms competing in foreign markets.

BlackBerry might soon become a mobile ATM.

Speaking to Recode in an interview published on Tuesday, BlackBerry enterprise president John Sims said the company is meeting with firms in emerging markets around the world to explore the possibility of transferring money through BBM.

"Money movement is an important thing," Sims told Recode.

If BlackBerry delivers a full payment service, it wouldn't be the first time the company has dipped its toe in the water. Last year, in fact, BlackBerry provided a money-transfer service through BBM on a test basis in Indonesia.

Although BlackBerry's 85 million monthly BBM users are made up in large part of consumers in developed countries, the service is seeing fast growth in emerging markets, Sims told Recode. Realizing that, the company wants to focus on money transfers in those countries before (or if) it ever brings it to the US or Canada.

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