'Mega' Payments Race Pits Google, Visa Against Phone Operators
Posted in: Mobile & Wireless at 22/02/2011 17:04
Deutsche Telekom AG, France Telecom SA and other mobile operators, who lost the battle for online applications stores to Apple Inc. and Google Inc., say they have a fighting chance of winning the corner convenience store.
The operators, along with Google and credit card providers including Visa Inc., are scrambling to offer so-called near- field communication payment systems, which will let people buy everything from milk and butter to clothes with a swipe of their smartphone. NFC may be the last chance for operators to avoid being simple conduits of other companies' electronic commerce.
To read this Bloomberg report in full, see: