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.
