CORDIS Project
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The TORO project aims to create a scalable mobile wallet platform that connects banks and telecommunications companies to enhance mobile commerce in Norway, with plans for expansion into Spain and France. This platform is designed to facilitate user adoption and streamline transactions in both online and in-store envir…
After years of isolated experiences carried out by Telcos and Banks, resulting in 55 failed mobile wallet initiatives across Europe (!), it appears that only an open, secure, cost-effective, neutral, fully scalable mobile wallet multisided platform with a “platform model”, has the capacity to federate the incumbent players willing to address the opportunity of mobile commerce (in-store with NFC, and online), and create the necessary user adoption.
This is what TORO is demonstrating in Norway, wi…
TORO DEVELOPMENT SL
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