UK operators join on SIM-based wallet
The JV will deliver the technology required for mobile wallet and payments. This will enable consumers to transfer their entire physical wallet into a new secure, SIM-based wallet regardless of which NFC enabled mobile device, or mobile network they are using. Consumers will be able to use their mobiles to pay for goods, services and travel using NFC technology with one touch of their phone, or online via mobile or PC.
Everything Everywhere, Telefonica UK and Vodafone UK will continue to develop their own competing products and services tailored to their own customers, which will be based on the open platform infrastructure provided by the JV.