UK operators rename mobile payments joint venture ‘Weve’

The leading UK operators have renamed their mobile payments joint venture ‘Weve’ and are teaming up to offer customers specialised services. The JV, previously known as Project Oscar, will launch commercially early next year, offering customers of EE, O2 and Vodafone tailored services such as news, apps and m-payments.

The company aims to generate revenue of £1 billion in five years, Nancy Cruickshank, Weve's newly appointed CEO, told the Financial Times, adding that 3 UK and Virgin Media could also become involved.

FierceWirelessEurope: UK operators rename mobile payments JV 'Weve,' hype tailored services; TelecomTV content partner.