Austrian mobile payments group reveals new Wallet Initiative

A group of Austria's leading banks, card payment providers and related companies have joined forces to create the Austria Card 'Wallet Initiative' in order to create an open, nationwide standard for mobile wallets. The aim of the standard is to help consumers make contactless payments with their mobile phones via a mobile card as well as enabling them to use special offers by simply tapping their phone at the checkout, in much the same way they would use loyalty cards, vouchers, and coupons.
October 31, 2013 Read time: 2 mins
A group of Austria's leading banks, card payment providers and related companies have joined forces to create the Austria Card 'Wallet Initiative' in order to create an open, nationwide standard for mobile wallets.

The aim of the standard is to help consumers make contactless payments with their mobile phones via a mobile card as well as enabling them to use special offers by simply tapping their phone at the checkout, in much the same way they would use loyalty cards, vouchers, and coupons. MasterCard and Visa payments are also integrated.

The group has conducted its first tests of the near field communication (NFC)-based standard, is running a nationwide pilot project during late 2013 and aims to be market-ready in 2014. The standard is expected to be accepted across a wide range of different providers and sectors including retail, transport, ticketing, security and banking.

Mobile network operators will also offer a secure NFC-SIM card option. Members of the initiative include Austria Card, Card Complete, Drei, Erste Bank, First Data Austria, MasterCard, Nexperts, PayLife Bank, T-Mobile and Visa.

Related Content

  • Looking forward to CARTES 2014 in Europe, Asia and America
    November 20, 2013
    2014 will see CARTES events in Asia and America – and don’t forget to put a note in your diary for CARTES Secure Connexions Event 2014 to be held from 4 to 6 November in Paris Welcome to Day 3 of the CARTES Secure Connexions Event 2013. This is the last day of the show and we hope you have enjoyed everything so far - and will continue to get a great deal out of the sessions and conferences. We are proud to announce that we have excellent indicators in terms of registered visitor numbers at the show. Gen
    Read More
  • Nissan and Dena launch robo-vehicle mobility service trial
    February 27, 2018
    Nissan Motor and Dena will conduct a field test of the Easy Mile robo-vehicle mobility service in Japan on the 5 March that will allow participants to travel in cars equipped with autonomous driving technology. The trial is intended to help passengers discover new local destinations as well energise cities and neighbourhoods. Riders will be able to use a dedicated app to choose from a list of recommended destinations through text or voice. The in-car tablet screen will display selections of nearly 500
    Read More
  • Smarter parking project kicks off in Pisa
    June 25, 2014
    The search for a free parking spot will soon be a thing of the past in the Italian city of Pisa thanks to the launch of a smart city pilot project to test an intelligent parking system and analyse historical traffic data via a big data services. The system will help motorists in Pisa to find a vacant parking space more easily, as well as pay for it via their smart phone. The city has joined forces with Deutsche Telekom and its partner firm Kiunsys to install the new smart city service. Sensors on the f
    Read More
  • New ticketing system for Dakar's 100% electric BRT
    June 4, 2024
    Riders in Senegal's capital can use Calypso cards, contactless tickets and QR code tickets
    Read More

Highlighted Content