O2 UK has acquired all shares in UK mobile payments venture Weve, confirming reports from Monday that founding partners EE and Vodafone UK planned to exit the venture.
UK mobile payments venture Weve could soon be broken up, as reports say the planned sale of founding partner O2 UK to Hutchison Whampoa would dismantle the existing three-year partnership.
EE has launched a "refreshed" range of SIM-only LTE plans as a latest salvo in the LTE subscriber acquisition wars between UK operators.
Vodafone confirmed that it plans to launch its mobile wallet in the UK in October, in what will be the fourth market for the service after Spain, Germany and the Netherlands.
EE plans to focus on its newer Cash on Tap service for contactless mobile payments, as the Quick Tap service originally launched by Orange UK and Barclaycard in 2011 is finally phased out.
Weve, the mobile marketing and payments venture set up by Vodafone UK, EE and O2 UK, is on the lookout for a new CEO just over a year after appointing David Sear as its permanent CEO.
Weve, the mobile marketing and payments venture set up by Vodafone UK, EE and O2 UK, posted a lost of around £25 million (€30.6 million/$42 million) in its first financial year but said revenue grew steadily in 2013 with new services set to boost business further this year.
Deutsche Telekom has become the latest operator to launch its own mobile wallet service based on near-field communication (NFC) technology, joining a market that is becoming increasingly cluttered and even "messy", in the words of one provider.
Telefónica revealed that its landmark joint venture with Spanish banks CaixaBank and Banco Santander will be named Yaap, and that the first services will be launched in Spain in a matter of months.
Orange has launched its Orange Cash NFC mobile payment service in two cities in France, continuing a spate of mobile payment and banking announcements across Europe.