CBSG Redefines Mobile Payments with Cross-Carrier Blockchain Platform

Asia Blockchain Review
September 26, 2019
CBSG Redefines Mobile Payments with Cross-Carrier Blockchain Platform

Major telecommunications carriers and payment solutions providers from the Carrier Blockchain Study Group (CBSG) consortium have participated in an executive workshop to discuss the commercial use cases of mobile transactions via TBCASoft’s Cross-Carrier Payment System (CCPS) Platform.

According to a report by tech news outlet Ledger Insights, the CCPS Platform, expected to launch in 2020, will allow users to use mobile wallets while roaming and settle payments through their local phone bills. Their respective carriers can then settle transactions with each other via CCPS. 

Seamless Connectivity among CBSG Members for Mobile Payments

Daichi Nozaki, VP of Global Business at SoftBank Corp and Co-Chairman of the CBSG Consortium, stated, “Our Consortium members have a great opportunity to differentiate their solutions, such as a mobile wallet service, with a Cross-Carrier/Border capability that seamlessly expands their market.”

“That means a Consortium member’s subscriber can use their home mobile wallet to make transactions at the merchants acquired by another Consortium member without having to adopt another mobile wallet.” 

Blockchain Consortium Unites Telecom Leaders

Launched in 2017, the CBSG Consortium is the leading telecom blockchain consortium, with the goal of enabling joint development on an innovative blockchain platform specifically designed for telecom carriers. 

The group is led by U.S.-based blockchain technology company TBCASoft Inc. and Japan-based SoftBank Corp., with U.S.-based Sprint Corporation and Taiwan-based Far EasTone Telecommunications Co., Ltd. as the initial founding members. 

Since its founding, the consortium has assembled a total of 15 leading telecom firms, including GT Telecom, Axiata, Etisalat, LG U+, KT Corp, MTN, PLDT, Telin, Turkcell, Viettel, and Zain.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Vanguard Group Tests Blockchain-Powered Forex Trading Platform
The Vanguard Group is testing a blockchain platform that will allow asset managers to trade currenci...

October 14, 2019

South Korean Blockchain Provider Blocko Officially Launches in UAE
Blocko, a Samsung-backed enterprise blockchain provider from South Korea, has officially launched it...

October 13, 2019

China Will Likely Approve Yuan-Backed Stablecoin And Blockchain
The yuan-backed CNHT has a good chance of being accepted by China, with the potential to attract inv...

October 13, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us