O2 mobile wallet app coming this year

NFC payments heading to O2 in 2011

New app follows extensive trials of wallet service.

O2 has confirmed that it’s planning to unveil a mobile wallet app in the second half of 2011. The mobile network trialled a NFC payment system on a basic Nokia blower back in 2007, allowing Londoners to use their credit card and Oyster on their mobile.

The network has applied for an e-money licence and is hoping its new app will be all-conquering in time for the London Olympics next year. The move follows LG’s recent announcement that it’s planning NFC phones, with the Google Nexus S already touting the tech.

O2 will of course have one eye on the iPhone 5, which is also expected to cram in NFC. If it does, O2 will want to make its app a key component of the next-gen iPhones that it sells.

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Via PCR Online