Vodafone, SK C&C to introduce mobile-phone payment serviceOctober 29, 2012 - 16:24 AMT PanARMENIAN.Net - SK C&C Co., a South Korean technology provider, said it will partner with Vodafone Group Plc to introduce a mobile-phone payment service as the companies seek to tap demand for transactions without physical wallets, Bloomberg reported. CorFire, the mobile-commerce business of SK C&C’s U.S. unit, will provide the technology under an agreement signed this month, the Seongnam, South Korea-based company said in a statement. The service will start in the first quarter of next year in Germany and Spain before reaching other countries in Europe, according to the statement. SK C&C is expanding in mobile payments after signing similar partnership agreements with Google Inc. and Dunkin Donuts Inc. over the past 18 months. More than 1 billion people may use mobile payments with almost $1 trillion in transaction value by 2016, according to IE Market Research. Vodafone’s new service will allow users to download “mobile wallet” applications to their smartphones and use them to pay, according to the statement. The Newbury, England-based carrier also plans to introduce apps that offer discount coupons and prepaid cards, according to the statement. Vodafone has reached a deal to use smart-chip maker Gemalto NV’s technology to manage a new mobile-phone payment product set for release next year, two people familiar with the plan said this month. SK C&C last year agreed with InComm to introduce a technology that helps shoppers get coupons and pay for items on their phones. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |