Simpay eyes €1bn m-commerce bounty
PrintNew members invited to mobile wallet scheme
Posted in Mobile, 24th February 2004 17:31 GMT
Free whitepaper – The business value of SIP VoIP and trunking
Simpay is calling for mobile operators to sign up to its mobile wallet scheme.
The company, formerly the Mobile Payments Services Association (MPSA), has completed design of its payment platform, and predicts that by 2007 it will handle over €1bn of transactions.
Five new operators say they are interested in signing up for the scheme: 3, O2, TMN, Mobilkom and SFR. They join founders Orange, Vodafone, T-Mobile and Telefónica Móviles.
The technical launch is planned for the end of this year with commercial roll-out scheduled for 2005. Beta testing will begin in September, Simpay said today at the 3GSM World Congress in Cannes.
The company was set up to enable payments of €10 or less, so that people can charge small purchases to their mobile phone bills. Tim Jones, Simpay's CEO, said that this low-value end of the mobile commerce market was still largely untapped. ®
Related stories
When is e-money not e-money? When it stays on your mobile phone
Vodafone Live Shopping goes live
Mobile operators unveil Simpay
Free whitepaper – The business value of SIP VoIP and trunking
Analyst Keynote: The Register Agile Data Center Summit
What Exchange can't do - and Dell can
The business value of SIP VoIP and trunking
Enabling The Agile Data Center
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter