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Thursday, April 26, 2007

 
GSM Association develops a standard for mobile payments
This is a really good thing, especially as we are talking a worldwide standard here. This means manufacturers don't have to make different phone models just because of the payment technology used, cutting costs for them and the component providers (that get larger volumes for the same components). This makes it also much more likely that phones will at all support payments in the future.

The concept is called Pay-Buy and uses NFC technology.

GSM Association gets everyone together for phone e-wallets

GSMA Adds Nokia to Pay-Buy Mobile Initiative

Nokia Joins 'Mobile Wallet' Initiative

Standard for Secure Mobile Payments Coming

Standard for secure mobile phone payments is on the way

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