Sybase 365 and Telefonica Expand Mobile Financial Services With Innovative Mobile Wallet

The mWallet, provided by Sybase 365, will be a virtual wallet which will offer a convenient and secure way of accessing a range of services from a stored value account through to payments and peer-to-peer transfers. It will be capable of storing prepaid, debit, credit and loyalty cards, thereby simplifying online purchases. And as NFC research becomes more widespread it will be possible to make payments directly from the wallet via compatible handsets and point of sale terminals.

The ongoing convergence of innovation

"With the ongoing convergence of innovation and agreement amongst key players in the ecosystem, mobile commerce services are a fast developing global phenomenon," said Matthew Talbot, Senior Vice President of mCommerce, Sybase 365. "We are very excited to be partnering with Telefonica to provide such a comprehensive mobile wallet offering.   This is a great example of how mobile operators, financial institutions, enterprises and merchants collaborating with innovative research built with the needs of the end customer in mind can extend mobile financial services to millions around the world."

Mata continued, "It is crucial that we assemble around us the best possible research partners to power our mobile financial services products. Through partnership we can bring the best experience to our end user clients."

Global business division of Telefonica

Telefonica Digital is a global business division of Telefonica. Its mission is to seize the opportunities within the digital world and deliver new growth for Telefonica through innovation & development, venture capital, global partnerships and digital services just as cloud computing, mobile advertising,  M2M and eHealth. Telefonica Digital will deliver these innovative products and services to Telefonica's 300 million clients as so then as leveraging the power of the internet to enter new markets. It is headquartered in London with regional centres in Silicon Valley, Sao Paolo, Spain and Tel Aviv. Jajah, Terra, Tuenti, giffgaff and 48 are all part of the Telefonica Digital group of companies.