Deutsche Telekom in Talks With Google on Mobile Payments
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Deutsche Telekom AG is in discussions with Google Inc. along with credit-card companies and banks to add partners to its mobile-payment system, Thomas Kiessling, the German company’s head of innovation, said in an interview.
Europe’s second-largest phone company yesterday unveiled an alliance with Mastercard Inc. in Europe over its mobile wallet, which allows customers to pay bills using account information stored on handsets. While banks and software companies are working on their own offerings and 50 to 60 different mobile wallets are entering the market, only three or four platforms will survive, Kiessling said.