Tuesday, May 13, 2003

The race for mobile payments ..?

Payment Service Provider Bibit has just issued this press-release to announce that their payment service platform is also available on i-mode and Vodafone Live. This allows consumers payment services over the mobile phone. For merchants, Bibit has developed a mobile payment terminal, to be used on-site (conferences etc.). E-merce notes that the cost of the service, when included in the regular e-payments contract of Bibit, is 110 euro per month.

All in all we now see four types of companies in the mobile payment race. The payment service providers, the telco's themselves, the independent companies such as mobile2pay and moxmo and the banks. An interesting race it is.