Deutsche Telekom shuts down NFC SIM-based mobile payments service in Germany

Deutsche Telekom has discontinued its NFC-based MyWallet mobile payment service in Germany, citing a lack of customer use and doubts over whether a SIM-based solution is going to be adopted as a standard in light of “internationally competing companies” investing heavily in competing approaches. Customers are not accepting the system as we had hoped they would and our customer numbers have been in the low tens of thousands, the mobile network operator told NFC World.