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May 8, 2014updated 04 Apr 2017 4:07pm

Deutsche Telekom unveils NFC mobile wallet in Germany

Deutsche Telekom has unveiled its NFC mobile wallet, MyWallet, in Germany, allowing customers to make low value contactless payments at MasterCard PayPass terminals.

By Verdict Staff

Deutsche Telekom has unveiled its NFC mobile wallet, MyWallet, in Germany, allowing customers to make low value contactless payments at MasterCard PayPass terminals.

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MyWallet can be used by all Deutsche Telekom mobile network customers with an NFC-capable smartphone.

To use the service, customers must download the MyWallet app and link it to a MasterCard pre-paid account given by Deutsche Telekom’s ClickandBuy International.

Customers with select Samsung and Sony mobile phones running on Android platform can use NFC-enabled SIM cards, while other phones and operating systems can use contactless stickers to make payments.

To attract customers, Deutsche Telekom is offering €40 as a bonus for people who sign up for the wallet and promises to add new features such as coupons in coming summer.

Deutsche Telekom further plans to expand the service to Slovakia and Hungary later in 2014.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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