Mobility & Financial Services
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Mobile financial services news and trends
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EC gives go ahead to Project Oscar, Articles | Mobile Money Live

EC gives go ahead to Project Oscar, Articles | Mobile Money Live | Mobility & Financial Services | Scoop.it

The EC has approved a joint venture called Project Oscar between mobile operators Vodafone, O2 and Everything Everywhere to offer mobile payments services in the UK. The commission has given the venture unconditional approval. In a statement, the EC said that the joint venture "will not likely lead to a significant impediment to effective competition".

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EU to approve mobile operators’ payment venture – Rumour - PaymentEye

EU to approve mobile operators’ payment venture – Rumour - PaymentEye | Mobility & Financial Services | Scoop.it

A joint venture between mobile operators Vodafone, O2 and Everything Everywhere to set up a mobile payments service is likely to be approved. According to a Reuters report, EU regulators will give the scheme, dubbed Project Oscar, the go ahead to compete with rival services in the market, which includes Apple and Google. The project is designed to allow consumers to use their mobile devices to buy goods, instead of cash or cards. However, the project has come in for criticism from 3, the only mobile operator to be left out of the plans.

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