(Source: Business Wire)Mobile Money Ventures, LLC (MMV), a leading global solutions provider of the next generation of mobile financial services, today announced it has rolled out the first mobile U.S. stock trading capability in Hong Kong with Citibank. The new feature builds on the successful mobile platform deployed by the two companies last year, allowing Citibank's Hong Kong customers to now trade on both the Hong Kong and American markets, including the New York Stock Exchange and NASDAQ.

"At MMV, we are constantly working to innovate and develop cutting edge features to ensure our customers can take advantage of the most advanced technology available," said Jayastu Bhattacharya, Senior Vice President of Strategic Business Development at MMV. "With our customizable and scalable platform MMV can quickly and seamlessly bring to market solutions that meet our customers' needs."

MMV initially collaborated with Citibank to launch a mobile banking platform in Hong Kong last October which included local stock trading, portfolio management, account inquiry and management, transfer and payments, and time deposit applications. As with all MMV solutions, the new U.S. trading feature is secured with SMS notification for every trading instruction, and no financial information is stored on the mobile device.

"At Citibank, the needs of our customers drive our innovation efforts and we understand how important it is for our Hong Kong customers to trade multiple markets through multiple channels. Through the collaboration with MMV, we're proud to be the first bank in Hong Kong offering a mobile U.S. stock trading service," said Maggie Yung, Country Marketing Director of Citi Hong Kong.

The U.S. trading feature for Hong Kong customers joins a long line of innovative mobile banking deployments from Citibank and MMV, including the first browser-based offering in the Philippines as well as services in Singapore and the U.S. The two companies will be announcing additional deployments in Asia, the U.S. and Europe in the coming months.

About Mobile Money Ventures

Mobile Money Ventures, LLC (MMV) is the leading global solution provider of the next generation of mobile financial services applications. Built on the financial services and technology leadership of Citi and SK Telecom, MMV delivers the future of mobile banking with its comprehensive, customizable and secure platform. MMV's turnkey solution enables financial institutions (FIs), carriers and partners to reduce time to market, leverage new growth opportunities and enhance customer loyalty. MMV is FI and carrier agnostic. Mobile Money Ventures is headquartered in San Francisco, California. For more details, visit www.mobilemoneyventures.com.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

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