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.
Mobile operator Vodafone and financial software provider Misys made separate moves in the mobile payment and banking sectors this week, at a time when analysts say the future of the industry remains up for grabs.
Weve, the mobile payments joint venture of the UK's three largest mobile operators Vodafone UK, EE and O2 UK, is partnering with MasterCard to accelerate the development of what the companies describe as the UK's "most comprehensive contactless mobile payments system".
Executives with the three UK operators involved in mobile payments and marketing joint venture Weve used an appearance at a recent event in London to emphasise to retailers and brands the significance of their startegy. Vodafone UK CEO Guy Laurence said not signing up will be like "not signing the Beatles."
Weve, the UK mobile commerce joint venture formed by Vodafone, EE and Telefónica's O2 UK, revealed that Nike and supermarket giant Morrisons will be the first brands to run mobile ad campaigns simultaneously across all three networks via the Weve platform.
Vodafone CEO Vittorio Colao confidently predicted UK consumers will embrace payment services based on near field communications (NFC) technology in mobile phones this year, although it is still not clear when services will become available on a wider basis.