19 April 2018
Visit https://aciworldwide.webex.com

European m-payments scheme SimPay collapses

27 June 2005  |  15887 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)

Finextra news in your inbox

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

Related stories

Simpay mobile payments service to launch by mid-year

Simpay mobile payments service to launch by mid-year

15 February 2005  |  6830 views  |  0 comments
Integri and Tata Infotech to provide testing for Simpay

Integri and Tata Infotech to provide testing for Simpay

30 June 2004  |  4477 views  |  0 comments
Encorus wins Simpay payments processing contract

Encorus wins Simpay payments processing contract

05 April 2004  |  3790 views  |  0 comments
Simpay to target low-value mobile payments

Simpay to target low-value mobile payments

24 February 2004  |  4398 views  |  0 comments
Mobile operators launch Simpay brand

Mobile operators launch Simpay brand

23 June 2003  |  8474 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit http://wup.digitalvisit www.ebaday.com

Top topics

Most viewed Most shared
hands typing furiouslyArtificial Intelligence for fraud detectio...
12731 views 0 | 10 tweets | 6 linkedin
Speculative interest in cryptocurrencies may have peaked - BarclaysSpeculative interest in cryptocurrencies m...
10671 views comments | 16 tweets | 11 linkedin
Competing in an increasingly competitive spaceCompeting in an increasingly competitive s...
10216 views comments | 1 tweets | 2 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9111 views comments | 14 tweets | 19 linkedin