& cplSiteName &

Euronews: O2 UK Shuts Its Mobile Wallet

Paul Rainford
1/10/2014
50%
50%

Also in today's EMEA regional roundup: 4G's flying in France; Telkom wields the jobs axe; smartphones, tablets boost online shopping.

  • Telefónica UK Ltd. (O2) is to close its "mobile wallet" smartphone-based payments system, from March 31. O2 was one of the first to enter the mobile wallet fray when it launched the service 18 months ago in combination with Visa and others, but, as it says in a statement on its website, "Since then lots has changed for us, the market and our customers. So, we've decided to close the O2 Wallet to give us time to look into new and better ways to help people manage their money on the move, both in the UK and abroad." (See O2 Names Mobile Wallet Partners.)

  • 4G whizz! Earlier this week UK operator EE announced that it had surpassed the 2 million mark in terms of 4G customers, and now, according to a Reuters report, it seems the French are mad for 4G too, with Orange (NYSE: FTE), SFR , and Bouygues Telecom all claiming to have 1 million punters signed up to their respective 4G services. Cut-price rival Free Mobile , however, remained coy about its 4G numbers. (See Euronews: EE Hits 2M Mark With 4G, Free Disrupts French Mobile Market.)

  • South Africa's Telkom SA Ltd. (NYSE/Johannesburg: TKG) is planning to fire up to 1,000 managers and an unspecified number of lower-level workers as part of cost-cutting measures instigated by CEO Sipho Maseko, reports Bloomberg. Apparently, free bottled water and Christmas parties for employees are also on the kill list.

  • The growing influence of smartphones and tablets has been clearly demonstrated in figures produced by the British Retail Consortium, which found a year-on-year 19.2% increase in December online shopping purchases in the UK, reports the BBC. Considering this Interweb shopping thing has been around for some time now, that's a heck of a rise.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (6)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Phil_Britt
    50%
    50%
    Phil_Britt,
    User Rank: Light Sabre
    1/10/2014 | 10:59:48 AM
    Re: Sign of things to come?
    One of the mobile payments analysts I talked to recently called Isis DOA. That could be a little drastic. I would think Isis would try to find a partner (MCX?) before scrapping the idea altogether.
    Sarah Thomas
    50%
    50%
    Sarah Thomas,
    User Rank: Blogger
    1/10/2014 | 10:55:41 AM
    Re: Sign of things to come?
    That was my first thought too. I won't be surprised on the day we hear Isis is shutting down or drastically changing its strategy.
    Sarah Thomas
    50%
    50%
    Sarah Thomas,
    User Rank: Blogger
    1/10/2014 | 10:54:49 AM
    Re: Empty wallet
    This wasn't a Telefonica Digital initiative, was it? Its whole MO is to test things out and not be overly attached to their success, but O2 doesn't operate that way as much. I'm not surprised people don't want a wallet from their operator, but it's too bad as this was heralded as an early example of an operator doing it well.
    Phil_Britt
    50%
    50%
    Phil_Britt,
    User Rank: Light Sabre
    1/10/2014 | 10:39:04 AM
    Sign of things to come?
    Interesting that Telefonica shut its mobile wallet. Wonder if this forecasts some future problems for the ISIS venture in the U.S. I've talked to a few financial services analysts who don't expect ISIS to survive long-term because they see issues with its business model and security.
    mendyk
    50%
    50%
    mendyk,
    User Rank: Light Sabre
    1/10/2014 | 10:00:45 AM
    Empty wallet
    Is there a life lesson for network operators in Telefonica O2's decision to scrap the digital wallet program?
    PaulERainford
    50%
    50%
    PaulERainford,
    User Rank: Light Sabre
    1/10/2014 | 9:10:21 AM
    Tablets go shopping
    Just as a side comment to the above, the same British Retail Consortium figures found that overall UK retail sales only rose 0.4% year-on-year in December - which serves to underline the huge impact smartphone/tablet-driven online shopping is making.
    Featured Video
    From The Founder
    The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
    Flash Poll
    Upcoming Live Events
    September 28, 2017, Denver, CO
    October 18, 2017, Colorado Convention Center - Denver, CO
    November 1, 2017, The Royal Garden Hotel
    November 1, 2017, The Montcalm Marble Arch
    November 2, 2017, 8 Northumberland Avenue, London, UK
    November 10, 2017, The Westin Times Square, New York, NY
    November 30, 2017, The Westin Times Square
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    Could the Connected Car Help Prevent Terrorism?
    Dan Jones, Mobile Editor, 9/15/2017
    Cities Slam FCC on Broadband Proceedings
    Mari Silbey, Senior Editor, Cable/Video, 9/15/2017
    Could 5G Have Found Its Glass Ceiling?
    Dan Jones, Mobile Editor, 9/20/2017
    Apple's New iPhones: No Gigabit LTE for You!
    Dan Jones, Mobile Editor, 9/14/2017
    1 Million Pirate Set-Top Boxes Sold in the UK
    Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 9/20/2017
    Animals with Phones
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed