The European Commission is set to green light the creation of a joint venture company to bring NFC to market in the UK, according to the Financial Times... More
EU set to approve Project Oscar UK NFC venture
Regulation
Deutsche Telekom unveils mobile payments plans
“We want to build a comprehensive ecosystem around mobile payment, helping Telekom to realise its strategy of being the first choice for customers regarding connected life and work,” says the T-Mobile operator as it signs a partnership deal with MasterCard and outlines four “strategic pillars” for its move into financial services. More
Gartner predicts 448m mobile payments users in 2016
Global mobile payment transaction values are set to grow by 42% a year, say the analysts, but the market will be fragmented over the next two years and NFC payments won’t hit the mass market until 2015. More
Canadian banks issue landmark NFC payments guidelines that focus on open mobile wallets and consumer data protection
The Canadian banking and credit union industry’s Mobile Payments Reference Model provides a detailed blueprint for how NFC mobile payments can be offered in Canada, how open mobile wallets will be and how consumer privacy will be assured. More
EC extends Oscar deadline
The European Commission has prolonged the deadline for a decision on whether to give the go ahead to the UK carrier-led ‘Project Oscar’ NFC joint venture, Bloomberg reports... More
European regulators put brakes on UK NFC joint venture
The European Commission has opened an in-depth investigation into the planned NFC joint venture between Everything Everywhere, Telefónica and Vodafone UK which will delay launch until after the London Olympics and casts doubts over the timetable for the introduction of similar projects in a number of other European countries. More
UK NFC JV heads to Brussels
Everything Everywhere, Vodafone and O2 will be submitting their plans for a UK-based NFC joint venture to regulators in Brussels next week, the Financial Times reports... More
UK NFC joint venture prepares to seek EU approval
The UK NFC joint venture announced last year by mobile network operators Vodafone, O2 and Everything Everywhere is expected to seek the official go ahead for the scheme, dubbed Project Oscar, in the next two weeks, according to a report in The Telegraph... More
Three takes fight against UK NFC joint venture to Europe
The planned joint venture between the UK’s three leading mobile network operators is “anti-competitive and akin to a joint selling arrangement,” says Three UK, which was not invited to take part in establishing the new NFC service provider. More
Mobile payments to overtake cards within ten years
Mobile payments will represent 15% of all card transactions by 2013, and will overcome card volumes within 10 years if growth continues at the same rate, according to the World Payments Report 2011. More
Rogers Wireless applies for Canadian banking license
The mobile network operator says it doesn’t plan to become a bank but it is “actively looking at the mobile payment category” and has applied for the license in order to “pursue a niche credit card opportunity”. More
Citi proposes ‘hybrid model’ for mobile payments
Banks and mobile network operators should work together on a mobile payments business model that plays to both their strengths, says Citi’s Dickson Chu. More