Tuesday, February 15, 2011

Deutsche Telekom to Introduce Mobile Payments in 2011

Deutsche Telekom plans to launch its "Mobile Wallet" service for mobile payments, tickets and bonus programs in Germany and Poland in 2011, with further launches in the United States, The Netherlands and the Czech Republic in 2012.

"'The area of payment systems is a major driver of growth for Deutsche Telekom," says Thomas Kiessling, Chief Product and Innovation Officer of Deutsche Telekom.

After the acquisition of the Internet payment service company Firstgate with its "Click and Buy" brand in 2010, Deutsche Telekom will successively introduce a whole portfolio of innovative and competitive payment solutions for customers and retailers starting in 2011. Applications include paying over the Internet as well as remote and proximity mobile payment.

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