NFC-based wallet initiative launched in Austria

NFC-based wallet initiative launched in Austria

18 SEP 2013

A group of companies in Austria, including mobile network operators T-Mobile and Three, have joined forces to launch an initiative aimed at creating an open, nationwide standard for mobile wallets.

Based on NFC-based smartphone applications, mobile wallet consumers will not only be able to make contactless payments but also use loyalty cards, vouchers and coupons.

Other members of the initiative include Austria Card, Card Complete, Erste Bank und Sparkassen, First Data Austria, MasterCard, Nexperts, PayLife Bank and Visa.

An NFC-SIM card is to be provided by the mobile operators to ensure security.

The first tests are already up and running, while a nationwide pilot project is due to start in autumn 2013.

Commercial services are slated for 2014.

Author

Ken Wieland

Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight...More

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