Ann Cairns, MasterCard: Deutsche Telekom European Partnership Focus on Mobile
July 2, 2012
MasterCard and Deutsche Telekom have begun a European partnership to
enable consumers to use their mobile phones as a convenient and secure
way to pay.
At a press conference in Berlin today, Deutsche Telekom and MasterCard
highlighted the importance of their partnership and the introduction of
mobile payments - one of the fastest growing consumer services in the
last five years. The partnership aims to make mobile payments a reality
for Deutsche Telekom's 93 million mobile customers across Europe.
on the partnership, Mr Thomas Kiessling, Chief Product and Innovation
Officer for Deutsche Telekom said, "This is a huge step on our way to
increase mobile payments. With MasterCard we have a well-known and
experienced partner generating growth in this important market segment.
We want to build a comprehensive ecosystem around mobile payment,
helping Telekom to realize its strategy of being the first choice for
customers regarding connected life and work."
The first consumer roll-out will take place in Poland later this year.
Also this year German consumers will be introduced to mobile payments,
initially in a trial with mobile phone tags and cards, continuing into
the first half of next year with a mobile wallet service which will also
be open to other issuing banks and partners. Deutsche Telekom will issue
the MasterCard products via its subsidiary company ClickandBuy, the
owner of an e-money licence. Products will also be launched in other
Commenting, Ann Cairns,
President, International Markets for MasterCard Worldwide said, "The
payment space continues to be ripe for innovation, particularly at a
time when we're seeing an accelerating movement away from cash - driven
by technology. MasterCard's heritage is rooted in the creation of open
technology, designed for everyone wanting to benefit from a more
convenient and secure shopping experience. The mobile wallet service is
open to other issuing banks and partners, helping support our customers
in adapting to new consumer behaviors and changing market dynamics.
Through today's announcement we are showcasing a real meeting of the
minds and that's where true partnerships come from."
The fact that the mobile wallet will be realized in the environment of
the SIM card of the smartphones brings considerable benefits to the
consumer: not only is the payment transaction secure, but the consumer
has continuous and complete transparency and control because each
transaction is confirmed via a text message.