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August 30, 2012

MasterCard and Everything Everywhere team up

MasterCard has entered a 5-year partnership with the UKs largest mobile operator, Everything Everywhere (EE), to develop new payment solutions for mobile phones, starting with a NFC pre-paid e-wallet. EE customers who own NFC enabled devices will be able to make in-store payments by tapping their phones on 100,000 retail outlets supporting the technology in the country. The president of MasterCard UK and Ireland Marion King said: As the use of cash continues to decline, we will be able to provide Everything Everywheres 27 million customers with an attractive range of new payment services backed by the processing power and security of MasterCard.

By Verdict Staff

MasterCard has entered a 5-year partnership with the UK’s largest mobile operator, Everything Everywhere (EE), to develop new payment solutions for mobile phones, starting with a NFC pre-paid e-wallet.

EE customers who own NFC enabled devices will be able to make in-store payments by tapping their phones on 100,000 retail outlets supporting the technology in the country.

The president of MasterCard UK and  Ireland  Marion King said: “As the use of cash continues to decline, we will be able to provide Everything Everywhere’s 27 million customers with an attractive range of new payment services backed by the processing power and security of MasterCard.”

Earlier this year, Visa Europe entered into a similar partnership with Vodafone, the world’s largest mobile phone company. In February 2012, Visa announced that the companies will launch an e-wallet allowing customers to make contactless payments using Visa’s payWave network in 2013.

 

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