Thursday, 9 April 2009

Rabo Mobiel plans job cuts – The Netherlands

Rabo Mobiel, a Netherlands-based MVNO of Rabobank, is planning to slash jobs and restrict its ambitious targets for the next few years. According to Frank Meerts, Chief Financial Officer of Rabo Mobiel, the mobile payments market was flat owing to the global economic crisis.

Rabo Mobiel manages around 30,000 consumer mobile wallets. Mobile payment services are experiencing a slow and steady increase in the number of vendors which Rabo Mobiel would want to counter in the coming years. Rabo Mobiel also aims to add iPhone to its portfolio of services.