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August 28, 2012 02:48 am GMT
MasterCard is once more extending its reach into mobile money services in Europe in partnership with a carrier -- this time in the mobile-savvy UK market. The payment processing giant has cut a five-year deal with Everything Everywhere, the JV between France Telecom's Orange and T-Mobile, to develop mobile payment solutions, with a "co-branded, prepaid solution for mobile devices" enabling contactless NFC payments one of the first planned out of the gate. Later, the two want to include money transfers, loyalty rewards and more. Everything Everywhere is the UK's largest carrier and the deal will cover 27 million subscribers.It comes on the heels of MasterCard inking a mobile payments partnership with Deutsche Telekom covering Germany and other T-Mobile operations in Europe, as well as a deal with Turkcell in Turkey. MasterCard has also worked for the past three years withOrange on QuickTap, the first commercial NFC payment service in the UK, as well as the Orange Cash prepaid card.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4DiPrUOBnHw/
MasterCard Inks 5-Year NFCMobile Payments Deal With UKs Everything Everywhere, Covers 27M Users
MasterCard is once more extending its reach into mobile money services in Europe in partnership with a carrier -- this time in the mobile-savvy UK market. The payment processing giant has cut a five-year deal with Everything Everywhere, the JV between France Telecom's Orange and T-Mobile, to develop mobile payment solutions, with a "co-branded, prepaid solution for mobile devices" enabling contactless NFC payments one of the first planned out of the gate. Later, the two want to include money transfers, loyalty rewards and more. Everything Everywhere is the UK's largest carrier and the deal will cover 27 million subscribers.It comes on the heels of MasterCard inking a mobile payments partnership with Deutsche Telekom covering Germany and other T-Mobile operations in Europe, as well as a deal with Turkcell in Turkey. MasterCard has also worked for the past three years withOrange on QuickTap, the first commercial NFC payment service in the UK, as well as the Orange Cash prepaid card.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4DiPrUOBnHw/
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