Weve emerges from floundering consortium
Mobile commerce is on the rise in the United Kingdom, but the consortium that would have established itself as a unified platform for the various NFC efforts that were taking root in the country has gone through a turbulent rebranding stage. The consortium, formerly known as Project Oscar, was comprised of mobile operators, financial institutions, and some technology companies, all of which had big hopes for NFC technology and mobile commerce. This consortium has been rebranded as Weve and has adopted a new focus that is very different from what the vision had been in the past.
Consortium was meant to provide platform for NFC applications
In the past, when Weve was still Project Oscar, the purpose of the consortium was to provide a standard platform for all companies interested in mobile commerce. These companies could import their NFC-based applications onto the platform, which would enable them to reach consumers across several mobile networks. The idea was that the companies that participated in the consortium would get a cut of the profits made through fees imposed on each transaction made through the NFC applications it supported. This quickly became unpopular when companies like Visa and MasterCard suggested they had no intention of sharing their profits.
Weve shifts focus toward mobile marketing
The newly branded Weve is shifting its focus away from NFC technology and toward mobile marketing. The consortium has seen its ability to promote mobile commerce through NFC technology flounder and is looking for a way to provide a unified platform for businesses that is not entirely focused on a niche technology. Thus, the consortium will serve as a platform for various mobile commerce initiatives and those concerned with marketing to mobile consumers. Weve will not abandon NFC technology, but the technology with not be its sole focus going forward.
Mobile marketing may be a turbulent sector for Weve
Weve is keen to push the concept of mobile advertisements amongst businesses, but these advertisements have not been performing well for some of their largest proponents. Both Google and Facebook have invested heavily into mobile marketing and have found that mobile advertisements are not faring well with many consumers.