The group say that by joining together they can provide all Swedes, contract and pre-paid, with a range of payment services from next summer.

All mobile operators will have the same product, making it easy for customers switching providers, while using a single counterparty offers greater security and less administration, says a brief statement.

In June, Telia Denmark, TDC, Telenor Denmark and 3 Denmark formed a joint company to develop a common platform for NFC m-payments.

The Scandinavian projects are following a similar model being employed by telcos in the US, under the Isis brand, and in the UK by Everything Everywhere, Telefonica and Vodafone.