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MasterCard Launches Partnership Program for Mobile Money Services

MasterCard logo 140pxMasterCard has announced a global initiative called the MasterCard Mobile Money Partnership Program to help financially-underserved consumers gain access to financial services through their mobile phones.

“With about five billion mobile phone users worldwide, this program provides powerful, smart and convenient new payment options to people through a device that’s already in the palm of their hands today,” said Mung Ki Woo, Group Executive, Mobile, MasterCard Worldwide. “Our approach is to work with all leading players in the Mobile Money ecosystem to bring the benefits of electronic payments to those who otherwise wouldn’t have access to formal financial services. Comviva, Sybase 365 and Utiba are key strategic platform partners to help implement this vision.”

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