Feeds

Simpay eyes €1bn m-commerce bounty

New members invited to mobile wallet scheme

  • alert
  • submit to reddit

Boost IT visibility and business value

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

The Essential Guide to IT Transformation

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.