28 August 2015

Belgian m-payments project killed off

24 February 2012  |  8425 views  |  0 Dead end

A Belgian mobile money project involving leading telcos and banks has fallen through, according to local press reports.

Last February, mobile network operators Belgacom, Base and Mobistar and leading banks outlined plans to pool resources for a national m-payments standard, covering both contactless and SMS-based transactions.

At the time, the partners predicted that the system would launch later in 2011 but now, according to Data News, the project has been halted with the banks and telcos disagreeing on the shape the service should take.

Citing sources, Data News says that among the problems was Mobistar's unhappiness with using rival Belgacom's PingPing platform as the basis for the new offering.

No Belgian standard for payments by mobile phone - Data News (French)

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

21 February, 2012
11 January, 2012
06 December, 2011
18 November, 2011
18 August, 2011
26 July, 2011

Top topics

Most viewed Most shared
Uber introduces Airtel Money payment optio...
6426 views comments | 13 tweets | 6 linkedin
Android Pay could launch this week
6129 views comments | 26 tweets | 22 linkedin
FIS opens Indian financial inclusion lab
5650 views comments | 14 tweets | 2 linkedin
Kenya's NIC Bank links to Twitter and What...
4861 views comments | 27 tweets | 13 linkedin
SunGard system glitch causes havoc for BNY...
4829 views comments | 12 tweets | 12 linkedin

Featured job

Excellent Salary and Company benefits package
London

Find your next job