The United Kingdom’s three largest mobile operators filed an application with the European Commission for approval of a new cashless mobile wallet venture last week, joining a Dutch proposal under consideration by the EU executive against a background of growing international competition.
The EU executive’s decision on the proposed UK joint venture – code-named Project Oscar and owned by Everything Everywhere, Telefónica UK (O2) and Vodafone UK – will be watched carefully by rival companies considering similar ventures.
Consortia in Germany, Sweden, Denmark and Hungary are eager to develop platforms for rolling out mobile wallets.
The Commission is simultaneously still considering an older proposal by a Dutch consortium, called Travik, for its ‘Sixpack’ mobile wallet proposal, which has sustained delays over regulatory issues.
To read the full, original article click on this link: Telecom firms in scramble for cashless mobile wallets | EurActiv
