The Valyou wallet was unveiled at Mobile World Congress 2013 and has been pilot tested with 200 customers. Telenor hopes that many more banks and other card providers will follow shortly.
“By 2020, we will use our mobile phone for payments more frequently than credit cards,” – says Viktoria Erngard from Telenor Digital Services. “We believe this service is more secure than a bank card.”
“I am sure that this new technology will change our daily lives within just a few years,” – adds TSM Nordic CEO Tor Jacobsen.
At the beginning of July 2013 the Hungarian Association of mobile wallets, which includes Magyar Telekom, Vodafone and Telenor mobile operators, and MasterCard, OTP Bank and SuperShop payment systems, began testing a new service of mobile NFC-payments.