MasterCard and Monitise Help Global Financial Institutions to Deploy Mobile Payment

March 25, 2014 (Tue): MasterCard has entered a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. According to MasterCard, they also intend to make a minority investment in Monitise.

Monitise’s solution able to help consumers bank anywhere, pay anyone and buy anything through mobile applications.

“Our partnership with Monitise builds upon a shared commitment to improve the mobile shopping experience today and into the future,” said Ed McLaughlin, chief emerging payments officer, MasterCard.

Author: VSDaily Editor

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