Feb 02 2011

Commercial UK mPayment Service

Category: Business,mPayments,TelecomsTeknovis @ 7:10 pm

Today I came across the first commercial deployment of an mPayment solution. At least I am not aware of any others! The service is being supplied by Orange, and more details can be found in Orange customers of Everything Everywhere get mobile payments.

I think that this is a very exciting area, and it is certainly something in which I am becoming increasingly interested. I think that there are huge opportunities for the telcos in this area, since they effectively already maintain electronic purses (or wallets :) for all of their customers. Most importantly, this is an area in which it is very difficult for over-the-top players to compete (although Apple‘s App Store has shown that it is possible).

Tags: , ,