Payments Council

O2UK to wind down mobile wallet offering

UK operator O2, part of the Telefónica stable, has announced to customers that it is closing down its O2 Wallet mobile commerce application, 18 months after it launched. The application will not function after March 31st this year, O2 said.

UK banks payment service threatens mobile wallets

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.

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