Telecom service provider Elephant Talk is launching a mobile wallet platform that will help Apple,Google,Isis and other companies manage the billions of transactions made over their forthcoming mobile payments services,reports Seeking Alpha.

Due out later this year,the plug-and-play service will feature fully-integrated NFC technology,allowing mobile operators to offer contactless mobile payments without having to go through the expense of upgrading their legacy back office systems to NFC,says SA.