08 December 2016
Visit aciworldwide.com

Belgian m-payments project killed off

24 February 2012  |  8936 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  |  11584 views  |  0 comments
Verizon refusing to support Google Wallet - report

Verizon refusing to support Google Wallet - report

06 December 2011  |  8495 views  |  2 comments
Swedish telcos form m-payments JV

Swedish telcos form m-payments JV

18 November 2011  |  7789 views  |  0 comments
German mobile operators team on NFC payments

German mobile operators team on NFC payments

18 August 2011  |  8103 views  |  0 comments
Hungarian mobile wallet association established

Hungarian mobile wallet association established

26 July 2011  |  8231 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comFind out moreVisit VocaLink.com

Who is commenting?

A Finextra member Finextra Member Commented on: Payments regulator blo...
A Finextra member Finextra Member Commented on: Payments regulator blo...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7531 views 12 comments | 15 tweets | 27 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
7140 views comments | 25 tweets | 15 linkedin
China tops world fintech rankingsChina tops world fintech rankings
6976 views comments | 35 tweets | 30 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6316 views comments | 19 tweets | 20 linkedin
Big tech policy group calls on Trump to promote fintech innovationBig tech policy group calls on Trump to pr...
5752 views comments | 22 tweets | 11 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job