France’s No. 2 mobile operator SFR is the latest telco with plans to get into the payments market, today announcing it would roll out a contactless co-branded prepaid card with the help of MasterCard Worldwide, with the intention of expanding the service to NFC phones.
SFR and MasterCard today said they signed their partnership agreement in July to jointly develop contactless card and NFC payment services.
The first part of the deal will yield the co-branded prepaid card, called SFR PayCard, which the telco plans to launch next month.