Deutsche Telekom holds top-level discussions with "Volks- und Raiffeisenbanken" Group to set the stage for mobile payment.
At CeBIT initial steps were taken to set the stage for mobile payment processes in Germany: During the trade fair executive representatives of German mobile communications providers met with board members of the "Volksbanken und Raiffeisenbanken" Group (BVR) of banking institutions. The discussions focused on the integration of bank cards ("girocards") in the mobile wallets offered by mobile network operators. This collaboration could mean that the more than 26 million customers using Germany's most popular card payment process may soon be able to integrate their "girocard mobile" in digital wallets like MyWallet from Deutsche Telekom, enabling them to pay for goods and services conveniently and securely via smartphones.
This collaboration represents an extraordinary first step toward ensuring the market success of mobile payment. The project is currently in the demonstration phase of the proof of concept. During the meeting at CeBIT all project partners emphasized the significance of the venture and discussed the next steps involved in bringing the solution to market. Specific decisions to promote mobile payment are expected to be announced by midyear.
Visitors to the Deutsche Telekom stand at CeBIT were able to experience how the integration of "girocard mobile" in MyWallet can be realized. This showcase project also drew the attention of representatives from leading retailers during the trade fair.
About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with more than 156 million mobile customers, 29 million fixed-network lines and around 18 million broadband lines (as of December 31, 2015). The Group provides fixed-network/broadband, mobile communications, Internet and Internet-based TV products and services for consumers, and ICT solutions for businesses and corporate customers. Deutsche Telekom has a presence in more than 50 countries and employs about 225,200 people worldwide. The Group generated revenues of 69.2 billion euros in the 2015 financial year – roughly 64 percent of it outside Germany.