A joint venture between mobile operators meant to grab them a slice of the payments industry via smartphone 'wave and pay’ services has been drastically scaled back, just as Apple prepares to move in on the market with the iPhone 6. Weve, a company owned by EE, O2 and Vodafone, has abandoned plans for a standard 'mobile wallet’ service that it was hoped would make it easier for retailers and banks to work with the operators.