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UK banks show a clearer vision on mobile payments than the cellcos


Whilst UK mobile operators have yet to fully unveil their plans for a mobile wallet joint venture, dubbed Project Oscar (Weve), the UK’s Payments Council has been quietly working with leading banks and payment networks to roll out a nationwide mobile payments service next year in which the operators appear to have zero input.

UK banks payment service threatens mobile wallets

A new service targeted to banks could threaten mobile operators' wallet offerings

Mobile operators preparing mobile wallet offerings will face potentially stiff competition from financial institutions, after UK quango the Payments Council announced plans to launch an industry-wide mobile payment service.

Weve signs with HR outsourcer

M-commerce JV Weve signs an HR outsourcer

The m -commerce joint venture between UK operators Everything Everywhere, O2 and Vodafone; Weve (formerly Project Oscar)is going down the outsourcing route to grow quickly. The JV will outsource HR, payroll and recruitment functions to HR outsourcing specialist plusHR.

O2UK launches mobile wallet service

The O2 Wallet home screen

Telefónica subsidiary O2 has become the first operator in the UK market to launch a mobile wallet offering. The service offers price comparison for online shopping, person to person money transfer and allows the user to digitise cards linked to existing bank accounts, or load money onto an O2 stored value account.