Feeds

Simpay eyes €1bn m-commerce bounty

New members invited to mobile wallet scheme

  • alert
  • submit to reddit

The essential guide to IT transformation

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
Déjà vu: Virgin Media jacks up broadband prices
Screw copper phone lines, we're UNIQUE, bleats telco
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
UK mobile coverage is BETTER than EVER, networks tell Ofcom
Regulator swallows this line and parrots it back out at us. What are they playing at?
What's the nature of your emergency, Vodafone?
Oh, you've dialled the wrong number for ad fibs, rules ASA
EE network whacked by 'PDP authentication failure' blunder
Carrier is 'aware' of cockup, working on a fix NOW
ROAD TRIP! An FCC road trip – Leahy demands net neutrality debate across US
You crashed watchdog's site, now time to crash its ears
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.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?