O2: Let’s Re-evaluate Our Mobile Wallet

United Kingdom wireless operator 02 reportedly is closing its mobile-wallet service.

The company is pulling the service so it may re-evaluate its money management services, Finextra reported Jan. 9.

“When we launched the O2 Wallet 18 months ago, we were one of the first mobile wallets around. Since then, lots has changed for us, the market and our customers. So, we’ve decided to close the O2 Wallet to give us time to look into new and better ways to help people manage their money on the move, both in the UK and abroad,” 02 said in a statement.

To learn more about the closure of 02’s mobile wallet, read the full story by clicking here.

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