Wednesday, October 26, 2005

KPN signs exclusive deal with web-PSP Triple Deal

Planet Multimedia reports that KPN has signed an exclusive cooperation agreement with web payment service provider Triple Deal.

As a result Triple Deal will incorporate the payment mechanisms of KPN (Switchpoint, payment via premium SMS, payment via 0900-services) and KPN will incorporate the payment mechanisms of Triple Deal (iDeal, Wallie Card, Paypal, credit-cards, credit transfers etc).

My guess is that KPN realises that it can't stay out of the payment business if they are to make money with selling content via whichever channel. So their best move is the first move towards a payment consolidator. This allows them to cut a good deal on payment fees. And if this works for both of them, the next move may eventually be that KPN takes over Triple Deal altogether.