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July 9, 2012 02:30 pm GMT

Report: Project Oscar, UKs Multi-Carrier Mobile Payment JV, Could Get Regulator Nod This Summer

How Visa Plans To Dominate Mobile Payments, Create The Digital Wallet And More | TechCrunchOrange, Deutsche Telekom, Vodafone and Telefonica'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. Subsequently, carriers are beginning to prepare for a launch of the platform that would enable retailers, banks and others to link into the service to give it the kind of scale that many believe mobile payments will need if they are to succeed as a consumer service.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1JmK2yNdGTE/

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