Financial services giant MasterCard and mobile carrier Deutsche Telekom announced this morning that they would partner to accelerate adoption of mobile payments, which allow consumers to use their mobile phones to pay for goods and services.
MasterCard sees business opportunity in Deutsche Telekom's 93 million mobile customers in Europe.
The companies plan to begin in Poland and Germany, Deutsche Telekom's home country. The effort will begin with mobile phone tags and cards, with a "mobile wallet" service to follow. (The mobile wallet will be open to MasterCard's partners, such as banks and other financial institutions.)… Read more