Hungarian Mobile Wallet Association formed

A group of mobile operators and the loyalty programmer operator SuperShop have joined with Mastercard and OTP Bank to form the Hungarian Mobile Wallet Association. The group, which include Magyar Telekom, Vodafone and Telenor, has come together in order to develop the up and coming technology of mobile payments. Not only will they be looking at the technology but also at the best ways of implementing it in the country. They hope to begin trials this year and to be able to launch the technology early next year. Hungary is the third eastern European country to show an interest in mobile payments, after Poland and the Czech Republic.