Thursday, July 19, 2012

Dutch 'Sixpack' NFC payments JV is canned

six-pack (almost)
six-pack (almost) (Photo credit: "Cowboy" Ben Alman)
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Dutch 'Sixpack' NFC payments JV is canned
Mobile Entertainment


Operators and banks pledge to keep trying but with a less formal approach.
Sixpack brought together operators KPN and Vodafone Netherlands with banks ING, Rabobank and ABN Amro. It was created in 2009.
But now they have "come to the conclusion that this original plan to build a joint venture (JV) is too complex and requires too much time."
However, the parties have pledged to work together but within "an appropriate governance structure for their cooperation.”
And so they will each will pursue their own agendas, forming independent alliances and adding to the confusion that characterise contactless mobile payments ecosystems in most markets.
One hears whispers that the banks are suspicious of these deals and drag their heels, but it's really unclear whether that was to blame or whether the problem was one of regulation or just ROI.
Article continues below

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