Orange, Deutsche Telekom, Vodafone andTelefonica’s O2 are all pushing ahead on their own mobile payment services, but in a bid to outpace companies like Apple and Google that may disintermediate them completely, these carriers are also working together. Now, a carrier JV in the UK, code-named Project Oscar, which would create a common mobile payments platform for all of them, is apparently nearing the final stages of regulatory approval.
The FT, citing two separate sources, notes that the okay could come this summer from antitrust regulators, with “few or no remedies” required for the approval. This is a turn of events, considering that the project has already been delayed by regulators a couple of times, scuppering plans to have the service ready by the Olympics in London this summer. read more
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