Mobile operators realise they are not banks shock!

Now carriers are starting to realise what we all know already.

“The biggest U.S. wireless carriers, AT&T Inc, Verizon Wireless and T-Mobile USA, are not setting up a separate network for payments on transactions done by phones, the Wall Street Journal said.

“Setting up a separate network would have been too difficult and time consuming, two people told the WSJ.”

Isis, a joint venture in the US between Deutsche Telekom AG’s T-Mobile USA, AT&T and Verizon Wireless is abandoning plans to set up a separate mobile network bank system to take market share from Mastercard and Visa.

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