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Slideshow EU to clear UK mobile operators' e-wallet plan: source Tweet Share this Email Print Related News UPDATE 1-EU to clear UK mobile operators' e-wallet plan-source 10:28am EDT EU to clear UK mobile operators' e-wallet plan -source 10:18am EDT EU to clear Universal's $1.9 billion bid for EMI: sources Mon, Sep 3 2012 Exclusive: Google, Apple CEOs in secret patent talks Thu, Aug 30 2012 Hutchison says EU supports its Orange merger remedy Thu, Aug 23 2012 Analysis & Opinion Prepaid debit-card datapoints of the day Related Topics Tech » Media » By Foo Yun Chee BRUSSELS | Tue Sep 4, 2012 10:41am EDT BRUSSELS (Reuters) - European Union regulators will approve plans by British mobile operators Vodafone, O2 and Everything Everywhere to set up a joint venture to allow users to make payments and purchases with their phones, a person following the deal said on Tuesday. Vodafone, Telefonica's 02 and Everything Everywhere, owned by France Telecom and Deutsche Telekom, aim to compete with similar mobile payment services from Google, Apple and Facebook. The mobile wallet scheme, called Project Oscar, allows users to use their mobile for transactions instead of cash or cards. It can also be used by retailers, banks and advertisers. The European Commission, which has been examining the plan since March, is expected to give approval this week, ahead of a September 19 deadline, said the person, who declined to be identified because of the sensitivity of the matter. "It will be unconditional clearance," the person said. The Commission declined to comment. Critics such as Hutchison Whampoa's Three, the smallest telecoms provider in Britain, said the proposed mobile wallet would give the three partners a monopoly in mobile "push" advertising and mobile payments. Mobile payments are common in Japan and South Korea, as well as in some developing countries where many people do not have bank accounts, but where mobile phones are widespread. (Editing by Rex Merrifield and David Holmes) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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