MasterCard Worldwide and Germany-based Deutsche Telekom group have signed a partnership agreement that will help the telco launch a prepaid PayPass application for its planned NFC mobile wallet, NFC Times has learned.
The deal, which will be announced Monday, is expected to be similar to a mobile-payments partnership announced by another of Europe’s largest mobile operator groups, along with a major international payments scheme, UK-based Vodafone Group and Visa.
UPDATE (July 2, 2012): MasterCard and Deutsche Telekom announced this afternoon that the telco will make the move into payments by commercially launching in Poland this year. They will also launch a trial in Germany using stickers and cards later this year, with a commercial launch in Germany planned for the first half of next year as part of a Deutsche Telekom mobile wallet. The telco will issue the payment application via its UK-based ClickandBuy online payments subsidiary, which has an e-money license. Plans call for expanding the mobile-payment services to other European markets later. END UPDATE.