Another European telco consortium has concluded mobile payments is not part of its core business. 

Paii, a joint venture between Danish MNOs, will sell its mobile venture to a consortium of banks behind another major mobile payments system in the country. Swipp said it will launch a new app in 2015 and combine the best technology features from both companies into a service that will provide multiple payment options including online, offline and person-to-person payments.

Swipp won't stop its power grab with the Paii acquisition either as local reports indicate the consortium also wants to buy MobilePay, a service Danske Bank. 

"By combining our knowledge, experience and skills from both banks and telecommunications companies, we get a unique position to expand mobile payments in Denmark," Martin Andersen, Swipp's managing director, said in a statement. "Traders have access to a larger customer base and the consumer gets far more opportunities to pay by phone." 

Flemming Jenson, Paii's chairman, told local news outs that the telcos decided "payments are not telecommunications companies' core business in the same way as it is for banks."

Jenson's comments come two months after Weve decided to abandon its mobile payments plans in the U.K.

Weve, an MNO joint venture between Everything Everywhere, Telefonica U.K. (O2) and Vodafone U.K. that represents over 80 percent of the region's mobile customers, scraped its plans because it knew Apple would not let it access the NFC chip on the new iPhones and Apple Watch. Some industry observers also noted the consortium could never agree on exactly how the wallet should work.