24 November 2015

Sonera signs 31 Helsinki retailers for mobile payment trials

15 March 2002  |  3039 views  |  0

Sonera is piloting its Shopper wireless payment service across 31 retail outlets in Helsinki to enable consumers to pay for goods and services via their mobile phone.

The mobile payment system requires consumers and merchants to be registered on a Sonera-hosted payment server. When a consumer visits a retail store or restaurant, he keys in the subscription number and personal security code to his mobile phone to obtain a confirmation code which is then used for payment. Once the consumer has finished his meal or chosen which goods to buy, he then shows the cashier the confirmation code and payment is debited from either the Shopper account or billed to his credit card account.

Customers can transfer money from their bank accounts to their Shopper accounts in advance. Card payments are accepted for Visa and Eurocard issued by Finnish bank Luottokunta.

Currently 31 shops accept Shopper payments. During the Spring, the Tiimari retail chain will begin offering Shopper as a method of payment in the metropolitan area, and Pizza Hut and Videofirma Makuuni plan to extend the use of Shopper to all their business locations throughout Finland.

The pilot will run until 31 August 2002, during which time customers will not have to pay a connection fee or monthly charge.

Anni Vepsäläinen, senior vice president, Sonera, says: "We want to test mobile payment extensively, in cooperation with dealers and consumers, in order to get the best possible starting-point for the actual commercial launch of the service."

According to research conducted by TowerGroup, 118 million Europeans, 145 million Asians and 22 million Americans intend to use their mobile phone for paying for small purchases over the next few years.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 March, 2002
13 March, 2002
07 March, 2002
28 February, 2002
19 February, 2002
04 February, 2002
29 January, 2002
25 January, 2002

Related company news

Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Regulation biggest threat to fintech growt...
9663 views comments | 53 tweets | 27 linkedin
MIT to run fintech degree course
8415 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7614 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7600 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7408 views comments | 27 tweets | 30 linkedin

Featured job

Find your next job