According to the Financial Times, the mobile payments shared venture within the Everything Everywhere, O2 and Vodafone are nearly in getting the green light coming from the European Commission. The telcos’ Project Oscar will support fully-highlighted mobile payment and e-wallet functions for their customers with full backing from banks, financial service retailers and merchants, it was based on the Financial Times.
Like the Vodafone’s same contactless payment scheme and O2 Money’s Wallet app that it disclosed in conjunction with Visa way back in February, the enterprise is expected to create on recent development of the firms in the mobile payment field. Pushing some way to lessen doubts of a future mobile payment industry ruling by a distinct firm like Apple. Therefore such a provider-skeptic plan should testify well-known with the retailers that is noted to be considered at submitting a payment management system in addition to the contactless facilities of iOS 6 and the Passbook e-wallet
In a fast-approaching industry with all to play for, Play.com, RIM and Google are also presently operating or deciding for contactless payment solutions. Adam Banks, the Visa Europe CTO delivered his ideas on the capabilities of the contactless payment and a mobile network alliance.
He added that everyone viewed the mobile network operators as a risk for the past 10 years, they are not and he anticipated that they have not been, however he still hopes that progressively someday they will be. He also said that it maybe not for the upcoming years because they have a need to set their standards apart, however if someone will observe at markets where mobile payments has really acquired a large skip forward, those markets where there is a distinct telco provider.
Banks stated that they have to approve the standards with each other, similarly what banks did before they are a certain threat, however it is approaching. Seeing a different kind of devices, hardware and providers resemble to e-wallet offerings and mobile payment, standardizing mobile payment by way of consolidating providers could support with several order to what is a progressively divided industry. However, most eminently the UK’s fourth-largest mobile provider.
REFERENCES:
http://www.computing.co.uk/ctg/news/2190532/uk-carriers-set-eu-nod-forr-mobile-payments-joint-venture
http://www.spiderednews.com/index.php?article_URL=feeds.computing.co.uk%2Fc%2F554%2Ff%2F10979%2Fs%2F213454f5%2Fl%2F0L0Scomputing0O0Cctg0Cnews0C2190A5320Cuk0Ecarriers0Eset0Eeu0Enod0Eforr0Emobile0Epayments0Ejoint0Eventure0DWT0Brss0If0F0GWT0Brss0Ia0FUK0Kcarriers0Kset0Kto0Kget0KEU0Knod0Kfor0Kmobile0Kpayments0Kjoint0Kventure%2Fstory01.htm&category=Communication
http://www.scoop.it/t/greenwich-nfc/p/2145310940/uk-carriers-set-to-get-eu-nod-for-mobile-payments-joint-venture-computing
http://mobilemarketingandtechnology.com/2012/07/10/uk-carriers-set-to-get-eu-nod-for-mobile-payments-joint-venture-computing/
http://www.mobile-financial.com/news/uk-carriers-set-get-eu-nod-mobile-payments-joint-venture
http://localuknews.co.uk/article/uk-carriers-set-to-get-eu-nod-for-mobile-payments-joint-venture
