O2 UK revealed on Wednesday it really is presently developing a series of new mobile payment products as well as plans to liberate a mobile wallet service in the course of the second half of 2011.

James Le Brocq the network's managing director of financial services told Total Telecom that O2 UK can also be in the procedure of getting an e-money license, which will allow it to provide peer-to-peer money transfers to its buyers.

"There is a lot of talk right now about Smartphones getting elegant and customers taking everything they wish to do online on the move," he explained, citing recent statistics from market research firm Foresee, which discovered that 32% of shoppers has access to the Website of retailer using their mobile phone, having a extra 32% likely to use their handset for shopping later on.