Three leading Hungarian telecos, Magyar Telekom, Telenor and Vodafone, have announced they will team up with MasterCard, OTP Bank and SuperShop to establish the Hungarian Mobile Wallet Association.
According to the partners, the aim of the Association is to “design and articulate as a recommendation the prerequisite technological standards for mobile NFC services and to submit proposals towards the successful implementation of the service.”
The association says it will also provide the education necessary to implement NFC services, as well as ensure that partners may freely join the platform.
“This united move of Hungary’s MNOs may ensure that Hungary will be among the first countries where mobile NFC services may be launched in Europe,” the partners said in a release.
Initial trials of partners’ contactless mobile payment technology are expected for later this year, with a commercial roll out slated for 2012.