MasterCard and Deutsche Telekom have joined forces to launch mobile payments for Deutsche Telekom’s 93 million customers across Europe.
Mr Thomas Kiessling, Chief Product and Innovation Officer for Deutsche Telekom said:
“This is a huge step on our way to increase mobile payments. With MasterCard we have a well-known and experienced partner generating growth in this important market segment. We want to build a comprehensive ecosystem around mobile payment.”
Deutsche Telekom’s subsidiary and e-money licensee ClickandBuy will issue the MasterCard products.
The companies have plans to roll-out the service in Poland later this year and also in Germany where a trial with mobile phone tags and cards will be launched over the next year with a mobile wallet service.
The companies said the mobile wallet will also be open to other issuing banks and partners and other European countries.
Ann Cairns, President for International Markets for MasterCard Worldwide said:
“MasterCard’s heritage is rooted in the creation of open technology, designed for everyone wanting to benefit from a more convenient and secure shopping experience.”
“The mobile wallet service is open to other issuing banks and partners, helping support our customers in adapting to new consumer behaviours and changing market dynamics.”