>U.K. Cellphone Companies Plan Mobile Pay Venture


>

From Evernote:

U.K. Cellphone Companies Plan Mobile Pay Venture

The U.K.’s three biggest wireless operators said Thursday that they would create a mobile-payment joint venture, entering the high-stakes scramble among wireless operators, tech firms and credit-card companies to popularize a way of making purchases with the wave of a cellphone.

Vodafone Group PLC, Telefonica SA’s O2 and Everything Everywhere said their new venture would create a “mobile wallet,” which cellphone owners can wave in front of censors to pay for goods. It also aims to establish a central portal for advertisers to deliver discounts and loyalty offers to participating U.K. cellphones.

The venture is scheduled to launch by the end of the year, subject to antitrust approval. Its unveiling comes just seven months after the U.S.’s biggest wireless operators—AT&T Inc., Verizon Wireless and T-Mobile USA—revealed their own mobile-payment joint venture, known as Isis. Google Inc. revealed a mobile-payment service last month.

Advertisements

About openbusinessinnovation

Idea Generator who inspires people to create and build First Class Innovations!

Posted on June 22, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: