Zapp, the new mcommerce firm set up by UK payments processor VocaLink, has chosen Oracle to supply the platform for its service, which will launch in 2014.
The firm’s Oracle-supplied system will be integrated with retailers so users can make both online and offline payments, the latter through NFC or QR codes.
The idea is also to integrate the service with a user’s existing bank account, so avoiding the need for a new wallet, password or log-ins.
Zapp, which is owned by the UK’s highstreet banks, says its service can also be embedded in a bank’s mobile banking app. Retailers are also possible customers.
Zapp and Oracle will build the system together, which is based on the latter’s software and hardware stack.
The banks have invested £16 million in Zapp, which was announced at the end of June, with additional outside investment also being sought.