24 July 2016
Find out more

Belgian m-payments project killed off

24 February 2012  |  8816 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)

Finextra news in your inbox

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

Related stories

EC bids for integrated card, Internet and mobile payments

EC bids for integrated card, Internet and mobile payments

11 January 2012  |  11430 views  |  0 comments
Verizon refusing to support Google Wallet - report

Verizon refusing to support Google Wallet - report

06 December 2011  |  8342 views  |  2 comments
Swedish telcos form m-payments JV

Swedish telcos form m-payments JV

18 November 2011  |  7664 views  |  0 comments
German mobile operators team on NFC payments

German mobile operators team on NFC payments

18 August 2011  |  7992 views  |  0 comments
Hungarian mobile wallet association established

Hungarian mobile wallet association established

26 July 2011  |  8088 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8022 views 14 comments | 32 tweets | 36 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7822 views 0 | 14 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7680 views 3 | 19 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7573 views comments | 22 tweets | 28 linkedin
Brexit-scarred London fintech startups enquire about moving to BerlinBrexit-scarred London fintech startups enq...
7472 views comments | 16 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job