Magpie Strengthens Presence in China

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Personal Information app secures deals with two of China’s Big Four Banks

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Magpie, the business that aims to help people successfully navigate the increasingly complex digital world, today announced that it has secured deals with two of China’s biggest banks to roll out its Smart Wallet services.

The deals are part of a programme intended to extend Magpie’s services across the two banks and their respective customers. Both will initially have access to Smart Wallet – one of Magpie’s apps – with the option to add on further Magpie products and roll out availability to a larger number of the bank’s customers.

Magpie’s Smart Wallet helps customers keep an eye on their wallet using a tech tracker that prevents the loss of your wallet by sounding an alarm when your phone and wallet are separated. In the event that your wallet is lost or stolen, Smart Wallet also facilitates cancelling cards from any bank straight from your phone. All of these services can be managed via the ‘Personal Information Bank’ – a secure store of personal information that lets a customer share their information between apps, choose what is shared and understand how it is used.

Mainland China is widely considered to be at the forefront of financial innovation in the global banking sector, with around 390 million Chinese people already signed up to use mobile banking in a market of 1.3 billion, according to data from Accenture. This represents 40 per cent of the people worldwide who bank by phone.

Stephen Kennedy, CEO of Magpie, commented: “There is a digital revolution underway in China that is changing the way people manage their finances. Chinese consumers don’t only want but expect to be able to manage their money from their smart device. The big banks have had a challenge developing innovative technology quickly enough to compete with nimbler players in the sector.

That’s why Magpie is thrilled to be partnering with two of China’s largest banks to provide a product like Smart Wallet which will transform their customers’ daily banking experience.”

Magpie helps to reduce hassle in people’s lives by using digital services, apps and Smart-tech to put them in control of many aspects of daily life such as travel, money, health, vehicle admin, personal safety and more. In this increasingly complex digital world, Magpie offers a one stop shop, aggregating a plethora of personal information and profiles into one easy to use app. From the palm of their hand, a customer can now take control of their digital personal information and use it for their own benefit, in a completely secure environment.

Magpie offers every day, useful apps that do things like locate lost keys and wallets, order replacement credit cards and even keep track of a child’s location.

The firm’s Smart Wallet helps a customer keep track of their money by aggregating all of their financial accounts in one place with one authentication.

This smart tech tracker for wallets, purses, handbags, keys and other valuable items has full GPS location functionality and can also work in reverse, setting off an alarm if a customer’s phone is separated from them for example.

Smart Wallet also includes the best mobile security on the market for android users to protect the handset from viruses and spyware. A customer can manage all of these services via their ‘Personal Information Bank’ which is a secure store of personal information that lets a customer share it between apps, choose what is shared and understand how it is used.

Magpie Technologies Ltd