Dutch banks and telcos have firmed up their commitment to introduce contactless mobile payments but expect to introduce services in 2013, a year later than initially planned.
A consortium comprising ABN Amro, ING, KPN, Rabobank, T-Mobile and Vodafone inked a letter of intent in September 2010 to form a joint venture creating a single uniform system for mobile transactions in the Netherlands by 2012.
However, the players have pushed back their expected launch date by a year because they still need to go to the European Commission within the next few weeks to get competition law clearance, which could come early next year.
Meanwhile, T-Mobile has pulled out of the group, stressing its belief in mobile payments but wanting to decide at a “later stage” how to approach the issue. The remaining members insist that their service will be open to all banks, mobile operators and other companies that want to use it.