Telefónica Germany, Telekom, and Vodafone are combining their mobile payments services into a separate company, mpass, which is expected to begin operating this year. The company’s focus will be distribution and marketing activities, as well as the development of new products.
Says Christian Illek, Director of Marketing at Telekom Deutschland… ‘mpass will make mobile payment easier, faster and more secure than with conventional payment means. Within the mpass partnership we are not only applying the specific benefits of mobile phones in the payment market, but, more importantly, we are bundling our customer reach with that of our partners.’
The company’s mobile payments technology currently works over the Internet, but mpass intends to develop NFC capability in the near future.