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Telefónica Germany, Telekom and Vodafone plan mobile payment company

MÜNCHEN/BONN/DÜSSELDORF. Telefónica Germany, Telekom and Vodafone are pushing ahead with their joint activities in mobile payments. The three telecommunications providers intend to register their payment service mpass as own company, and have signed a letter of understanding to this effect. The new company is due to begin operating as early as this year.
More and more customers are taking advantage of convenient and secure payment via mobile or stationary internet from a mobile phone. Once the mobile payment scheme mpass is up and running, the three telecommunications providers plan to expand on their position in mobile payment. The new company will concentrate on stepping up distribution and marketing activities, as well as developing new products. Aided by new technologies such as Near Field Communication (NFC), users will soon be able to make simple, secure and wireless payments in high-street shops, too.
Michiel van Eldik
"Payment by mobile phone will increasingly feature in our daily lives," says Michiel van Eldik, Managing Director of Wholesale & Partner Management at Telefónica Germany. "It has actually been possible for several years. And the first NFC smartphones, with full functionality for all aspects of credit and bonus cards, are already in the stores. I think that even as early as next year, consumers will be leaving their credit cards at home and paying by mobile phone instead."
"Queues at supermarket checkouts will soon be a thing of the past," says Christian Illek, Director of Marketing at Telekom Deutschland, adding: "mpass will make mobile payment easier, faster and more secure than with conventional payment means. Within the mpass partnership we are not only applying the specific benefits of mobile phones in the payment market, but, more importantly, we are bundling our customer reach with that of our partners." Dr. Peter Walz, Member of the Management Board and Director of Wholesale & Strategy at Vodafone Deutschland: "For many years now we have offered an interoperable payment product across all networks with payments via the phone bill. This is now being continued in the shared mpass activities. Retailers want standardised solutions and that is what we are giving them with mpass." mpass is the mobile payment service of Telefónica Germany, Telekom and Vodafone. The service enables secure mobile and soon contactless payment for mobile phone users of all Germany's networks. What is especially interesting is that sensitive customer data such as bank details are not sent to the trader as part of the purchase process. The payment order can only be authorised from the buyer's mobile phone.

Further information

Telefónica Germany GmbH & Co. OHG and its brands O2 and Alice belong to Telefónica Europe and are part of the Spanish telecommunication group Telefónica S.A. The Company offers its German private and business customers postpaid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS and UMTS technologies. In addition, the integrated communications provider also offers DSL fixed network telephony and high-speed internet. According to a network test by "connect" magazine (edition 12/10), the O2 network is top of the list when it comes to reliable file downloads and champion in the telephony category. In the overall result the company is on second position. Telefónica Europe has more than 57 million mobile and fixed network customers in Great Britain, Ireland, the Czech Republic, Slovakia and Germany.
With around 128 million mobile customers and around 35 million fixed network, as well as almost 17 million broadband connections, Deutsche Telekom is one of the leading integrated telecommunications companies in the world (as of 30 June 2011). The Group offers products and services in the areas of the fixed network, mobile network, internet and IPTV for residential customers as well as ICT solutions for key accounts and business customers. Deutsche Telekom is represented in around 50 countries and has some 244,000 employees worldwide. In the fiscal year 2010 the Group generated turnover of 62.4 billion euros, over half of it outside Germany (as of 31 December 2010).
With 12,000 employees and around nine billion Euros in turnover, Vodafone Germany is one of the largest and most modern telecommunications providers in Europe. As an innovative and integrated technology and services group headquartered in Düsseldorf, Vodafone Germany stands for communication from a single source: mobile and fixed network as well as internet and broadband data services for business and residential customers. Continuous developments, numerous patents as well as investments in new products, services and the modern network have made Vodafone an innovation leader in the German telecommunications market. In 2010 Vodafone, for the fourth time in a row, was once again honoured by trade magazine "connect" for having the best network in Germany. Vodafone accepts its social responsibility. As a socio-political think tank, the Vodafone Foundation Germany initiates and promotes numerous projects in the areas of education, integration and social mobility. The company is part of the Vodafone Group. For more information see www.vodafone-deutschland.de.

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Michiel van Eldik

Managing Director of Wholesale & Partner Management Telefónica Germany 300 dpi online

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