NFC on way to UK networks by end of this year

Electronic payments by phone are set to come to the UK by the end of the year. A new standalone m-commerce venture has been set up by the three major networks, Vodafone, O2 and Everything Everywhere. According to a press release from EE today, the new organisation will deliver the technology required for the speedy adoption of mobile wallet and payments. Rather optimistically, it claims that this “will enable consumers to transfer their entire physical wallet into a new secure, SIM-based wallet regardless of which NFC enabled mobile device, or mobile network they are using.” Sounds good and just what we’ve been waiting for. Read the full spiel here.