The mobile wallet joint venture is set to provide consumers with services including person-to-person (P2P) money transfers, online shopping and top-up of prepaid cards. Consumers are also able to pay for services such as public transport and ticketing using the WyWallet mobile application.
The WyWallet mobile application supports POS payments using NFC and is currently available on Android, iPhone and Java-enabled devices.
The application was developed in collaboration with Swedish mobile payment services provider Accumulate and based on the latter’s mobile financial services platform dubbed Mobile Everywhere.
The joint venture between Telia, Tele2, Telenor and 3 was established in November 2011.
In recent news, Accumulate has entered an agreement with Bulgarian national clearing house Borica-Bankservice (BO-BS) to provide banks in Bulgaria with a mobile financial services platform.
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