Monitise boasts a technical platform which has support for a range of handsets, security measures and business logic.
The first battle in getting consumers to interact with their money is to convince them it is secure, but Johnson says the banks’ early involvement is a benefit.
He says: “You don’t want to download a banking app from someone asking for your details if you don’t know who they are.
“There have been one or two instances in the US of people putting up spoof apps.
“With our services one thing you can do is lock your details to your mobile phone.
“Even if I phished your passcode I’d still have to go into your house and steal your mobile phone as well. It adds that extra level of security. You don’t need to put in a user ID as the handset is your user ID.
“These aren’t Crazy Frog ringtones. It’s money, so it needs to be very secure. That’s the only way it can achieve mass market adoption and flourish.”
Mobile banking is just the beginning of a development which could see mobiles playing a key role in personal finance, from making payments to receiving offers.
Johnson expects to see banking become a “more personalised and fragmented service” as providers offer extra services for premium subscribers.
However, he is confident that it is a service that could bring the world much closer to its bank balance.
He says: “People are using apps 16 times a month, which in excess of the amount they’re using internet banking.
“At a time when people are more concerned about their money, enabling them to be more in control is a good thing.”