LONDON—Vodafone Group plc and T-Mobile International AG, two of the world’s largest wireless operators, reported an initiative to create an interoperable mobile payment platform designed to accelerate customer and merchant adoption of mobile transactions.
The platform is expected to deliver a secure payment solution for the purchase of goods and services via a mobile device. Customers would store their personal details and preferred payment options in a virtual wallet and then choose which payment instruments to use when making payments via their mobile phones.
Both carriers are working with Encorus Technologies on the initiative by combining Encorus’ PaymentWorks software with the payment experience of First Data Corp.
The companies said they plan to launch the open platform toward the end of the year, with initial rollouts in Germany and the United Kingdom.
