Prepaid mobile wallet, moneto, the result of a partnership between payments company Kalixa Group, technology company DeviceFidelity and MasterCard, has launched in the UK.

The wallet enables near field communications (NFC) functionality on an iPhone, allowing users to tap and pay for goods under £20 where MasterCard is accepted.

Users can check their balance in real-time, locate merchants and ATMs, and make wallet-to-wallet transactions.

In order to make a payment users need to activate the wallet, a measure intended to reduce the risk of unauthorised payments.

The service will soon be compatible with Android phones, and is set to be rolled-out across other European countries in the coming months.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Related articles

Youngsters drive mobile payments in the UK

UK mobile banking numbers soar by 86% y-o-y