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.
UK operator Vodafone has added its opted-in subscribers to advertising and commerce joint venture Weve, joining rivals EE and O2. With the addition of one million Vodafone subscriber details, Weve now has a database of more than 15 million UK subscribers.
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.
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.