U.K. wireless providers work together to accelerate mobile payments

Mobile Commerce Industry

Three of the leading U.K. wireless operators are partnering in an effort to hasten the use of mobile payments which will permit consumers to use their mobile phones and other devices to pay for purchases. The joint venture is among Vodafone, Orange and T-Mobile, and Telefonica’s O2. They will be working together to develop a system of mobile commerce that should bring banks, retailers, and advertisers together. There have been discussions over the last few years about near field communications (NFC) which would provide consumers with a secure method of…

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