Simpay eyes €1bn m-commerce bounty
New members invited to mobile wallet scheme
Posted in Mobile, 24th February 2004 17:31 GMT
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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. ®
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