01 August 2015

European m-payments scheme SimPay collapses

27 June 2005  |  10711 views  |  0 mobile in hand

Plans to launch SimPay, the first pan-European mobile phone payment platform, have collapsed following the withdrawal of founding member T-Mobile from the alliance.

The SimPay brand was launched by T-Mobile, Orange, Telefónica Móviles and Vodafone in June 2003 with the overall objective of creating an open and interoperable framework for mobile payments in Europe.

The group completed development of the technical specifications for its first mobile payments product - which was expected to focus on low value payments under ten euros - in April 2004 and enlisted Encorus Technologies to provide payment processing services.

The m-payments scheme was expected to launch in Spain and Belgium this year but has been ditched following the withdrawal of Deutsche Telekom subsidiary T-Mobile. It was rumoured that the operator had concerns about the way the system was integrated with handsets and other payment systems.

A statement on the SimPay Web site says following the withdrawal of a founder member, a decision was made "not to pursue its activity on a pan-European scale as originally planned".

SimPay says member operators will be able to exploit its intellectual property rights at a national level, and international interoperability still remains a goal but operations "will be scaled back with immediate effect".

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

15 February, 2005
30 June, 2004
05 April, 2004
24 February, 2004
23 June, 2003


Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
9086 views comments | 26 tweets | 30 linkedin
Will Uber be the Uber of banking?
7468 views comments | 40 tweets | 31 linkedin
Payments and capital markets sectors domin...
6356 views comments | 17 tweets | 18 linkedin
Singapore hires Citi veteran to lead new f...
5676 views comments | 13 tweets | 5 linkedin
Stripe lands new funding; signs deal with...
5609 views comments | 16 tweets | 18 linkedin

Featured job

c,£100,000 basic £200,000 OTE.
London

Find your next job