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MasterCard introduced the MasterCard Mobile Payments Gateway, a mobile payments processing platform that enables financial institutions and mobile operators to deliver “end-to-end mobile payments solutions through the MasterCard Worldwide Network.”
And the first partners that will use the new service is already on board – Brazil’s Itau Unibanco and Redecard, along with mobile operator Vivo. Using the service, interested consumers will be able to use their phone as a mobile wallet and link their existing credit, debit or prepaid MasterCard or Maestro card accounts to their mobile phone to fund mobile-initiated payments.
MasterCard is working with the company called Smart Hub and has created an open mobile payment processing platform through the MasterCard Payments Gateway to facilitate the launch of MasterCard Mobile payment solutions in developing markets.
Finally, following the launch in Brazil, MasterCard said it will introduce MasterCard Mobile payments solutions through the Mobile Payments Gateway in select markets around the world.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
