Monday, February 12, 2007

GSM Association to Develop Global Mobile Payment System

The GSM Association (GSMA) has formed a "Pay-Buy Mobile" to further its efforts to define a common global approach to enabling Near Field Communications (NFC), the technology used to link mobile devices with payment and contactless systems. By embedding mobile contactless services, such as credit and debit payments, in the SIM card the mobile industry will extend the role of mobile phones in customers' everyday lives.

Fourteen mobile operators are participating in the 'Pay-Buy Mobile' initiative, which seeks to define a common global experience for mobile phone payments, on which seamlessly interoperable services will be provided. The fourteen operators, representing more than 900 million mobile users, are Cingular Wireless, now part of the new AT&T; China Mobile; KALL; KTF; MCI; MTN; NTT DoCoMo; Rogers Wireless; Smart Communications; Telenor, TeliaSonera; Telecom Italia; Turkcell, and Vimpelcom.

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