News & Views - Savantor

Does anyone want mobile payments?

Thursday, 30 June 2011

Whilst trying hard not to be an old cynic it is difficult not to think ‘here we go again’ when reading that some of the UK mobile operators are to establish a stand-alone joint venture by the end of the year with the aim of encouraging mass-market adoption of mobile payment services. The companies - Everything Everywhere, Telefonica and Vodafone - say the JV will deliver the technology required for the speedy adoption of mobile wallet and payments by making it easy to transfer the physical wallet contents into a SIM based wallet regardless of which NFC enabled mobile device, or mobile network they use. SimPay wasn’t exactly a roaring success and Isis seems to be struggling in the USA so the portents aren’t great for this new venture. Clearly a standard operating environment is needed and maybe the timing is better now with NFC enabled phones starting to hit the market but the words ‘stand alone joint venture’ suggest some sort of disintermediation of the banks and schemes which may or may not be a good idea in the current environment.


The other issue which often gets forgotten is whether anyone out in the real world actually wants this. Now you can argue that nobody wanted an iPad before that hit the streets but that had a wow factor that payments lacks. A new survey in the UK showed that 67% of UK consumers have no plans to use new mobile wallet technology and almost half of respondents say they either don't need a mobile payment system or aren't interested. Now it may be that ignorance is an issue as more than a third of respondents admitting they didn't know if their phone was equipped with NFC technology but it doesn’t make for happy reading for those mobile operators.

Savantor Services

Savantor Services

Savantor services are tailored to Client needs based on our core service areas

Specialist Resourcing Payments Strategy Platform Transition Operational Efficiency
Savantor Services

Job Opportunities

Consulting and contracting roles in the payments, mobile and banking arena within the UK and across Europe

View more
Savantor Services

Savantor Views

Find out more from our Savantor brochures, MarketEye back copies and Industry opinion

Collateral Market Eye News & Views Sign Up to receive MarketEye

Client Quotes

Credit Card Launch

"Savantor's knowledge and experience were the key differentiators in selecting them and they contributed greatly to the success of the product launch and the effectiveness of the ongoing operational service."

Toine Schepers, Operations Director - Primeline - The Netherlands

Platform Selection & RFP Management

"OP-Pohjola Group has used Savantor in both acquiring and issuing for platform/service provider research, RFI/RFP processes and subsequent contract negotiations. Savantor's approach and commitment have always been very professional and transparent. They have been of great help for the company in providing us important insights and background information beyond vendors sales speeches."

Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland

Acquiring market insight and strategy review

"Savantor brought an independent perspective and valuable insight that enabled Rabobank to ratify options for delivery and future growth and make informed business decisions in support of our target business model. Having used Savantor on a number of strategic projects, we have no hesitation in recommending their services to others."

Evert R Fekkes, SVP Payment & Savings Services - Rabobank - Nederland

Payment Specialists

"Working close with Savantor's professionals over the years in the payment arena. I appreciate the skills and knowledge these guys have and will surely engage with them when opportunities arise. The current engagement with Savantor is full to satisfaction and beyond."

Idsert Walta, Head of Banking Categories - Nordea - Scandinavia

Moneris Solutions

"Savantor did an outstanding job of the review and I received nothing but positive feedback on the interaction with our management team."

Jeff Guthri, COO - Moneris Solutions - Canada

Acquirer Transformation

"We needed a programme manager for a complex transformation who also brought a broad understanding to help stakeholders through the change. We have been delighted with the delivery and outcomes from this engagement with Savantor."

Michael Liquornik, Executive Vice President - Neovia Financial - UK

Acquirer Strategy and Operating Model

"Savantor brought an effective blend of European acquirer market expertise and transaction processing solution design. Their experts quickly forged strong working relationships with our team. We enjoyed working with them to create our future acquirer strategy."

Mikko Hyttinen, SVP - Lending Services - OP-Pohjola Group - Finland

Expert Witness

"After searching extensively for the required industry expert in a complex litigation, Savantor was identified to have the necessary industry knowledge and expertise on a range of complex issues. Savantor provided clear advice and was able to quickly hone in on the key issues, but most importantly, generating pragmatic winnable answers."

Gavin Ingram, General Counsel & VP Strategic Planning - Global Blue - Asia Pacific

Clients - Request Support

Send us a support request and one of our specialists will be in contact to assist you.

Consultants – Upload your CV

Register your CV with us and gain access to a range of job opportunities through our online job search portal.