Mastercard was one of the first in the financial world to adopt mobile payments, and they were the first credit card company to embrace Google Wallet (Visa support came a few months later). So it’s obvious they are serious about leading this market, because they think this is the future. But they may want something more than just partnering with their competitors and to make it universal for all users. They want control of the market (versus their competitors), as do many carriers, who also want to get involved in this market because they think the potential for huge revenues is high.
Mastercard is trying to push their own mobile payment system in Europe, by partnering [...]
By now, we should have been able to make contactless payments with pretty much any mobile phone, at just about any supermarket or restaurant. Or at least that’s what many of us expected for 2012. Unfortunately, NFC payment technology has been slow to progress over the past couple of years.
There are still relatively few smartphones enabled for NFC use, while mobile payment systems, like Google Wallet, have been experiencing security issues of all sorts. However, we have some good news to report today on this front – MasterCard has announced the certification of 17 new smartphones for its PayPass Ready program.
By far, the most [...]