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Visa and Nokia launch m-commerce payment project

By Aled Herbert

Published: 8 February 2000 11:44 GMT

Visa and Nokia have announced a global initiative to introduce payment solutions for mobile ecommerce.

As part of the deal, the two companies will develop a standardised method of making secure payments using a mobile phone based on WAP (Wireless Application Protocol) standards.

The initiative will include the development of a mobile 'e-wallet' to allow simple click purchases Nokia will also establish a secure method of transmitting payment data over a wireless networks to financial institutions.

Bruno Degiovanni, senior manager for new channels in Europe for Visa, said: "You can use it for remote payments and for face to face payments in shops."

A pilot scheme will be run later this year with MeritaNordbanken in Finland and Sweden.

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