Among the wallet services O2 plans to offer will be contact-less payment that could include one or more payment applications the telco issues itself. But O2, one of the United Kingdom’s largest mobile operators with more than 20 million subscribers, plans a number of other services, including mobile browsing and product search, mobile-money transfers between subscribers and bill payments.
Saturday, February 5, 2011
UK Telco O2 Will Become a "Bank"
Telefonica O2 UK plans to launch a number of mobile-wallet services in the second half of 2011, among the most significant a move to become a "bank" of sorts, or perhaps the equivalent of a credit card or debit card issuer.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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