) has been selected by Belgacom and BNP Paribas Fortis to develop
and launch Belgium's first mobile wallet, a mobile e-commerce
ecosystem for merchants and consumers to facilitate secure
shopping and payments via smartphones. The agreement was
announced at Sibos in Dubai.
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The solution will help consumers to make ''in-app" payments,
avail tickets and coupons online and access loyalty programs in a
To be launched jointly by Belgacom and BNP Paribas Fortis, the
model is expected to be rolled out in spring 2014.
The solution will integrate seamlessly with merchant mobile apps,
thus developing an ecosystem for improving mobile commerce.
Consumers can use their debit or credit card from any Belgian
bank to make their payments. The solution can be accessed from
any smartphone notwithstanding the model or mobile operator to
make payments across all participating merchant apps.
A mobile wallet is also referred to as mobile payment, mobile
money or mobile money transfer and enables payment services via a
mobile device. Its features include banking facilities, payments
at point of sale (POS) terminals, linking multiple credit and
debit cards to the phone and enabling quick and secure
According to a recent survey by Accenture conducted among 4,000
smartphone users in the U.S. and Canada, the majority of
respondents were likely to make payments through phone if they
could track receipts. However, security, convenience of cash and
credit cards and privacy were cited as major hindrances to mobile
Cognizant Technology Solutions Corp.
International Business Machines Corp.
), a strained spending environment and Accenture's broad European
exposure (roughly 40.0%) may temper Accenture's growth to some
Currently, Accenture carries a Zacks Rank #4 (Sell). Investors
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), with Zacks Rank #1 (Strong Buy).