MasterCard signs mobile payment deal with Orange owner EE
|28 Aug 2012 10:47 BST||Back|
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MasterCard has signed a five-year deal with EverythingEverwhere (EE) to develop a co-branded mobile payment system for Orange and T-Mobile customers.
The mobile payment system will enable Everything Everywhere’s 27 million UK customers to make near field communication (NFC) contactless payments at more than 100,000 retailers in the UK.
The payment processing giant and the UK’s largest mobile phone operator will later expand the service to include money transfers and loyalty rewards.
MasterCard and Everything Everywhere have been working together for the last three years on Orange QuickTap, the first commercially available NFC-enabled payments service in the UK, and the Orange Cash prepaid card.
In July, MasterCard signed a mobile payments deal with Deutsche Telekom covering Germany and other T-Mobile operations in Europe, which was reported in Tech Crunch.
Gerry McQuade, chief marketing officer at Everything Everywhere, said: “By moving our existing co-branded card offers onto mobile devices, we are closer to a world where our customers will be able to use their phone to pay for travel to work, pay for small purchases and take advantage of loyalty rewards from their favourite retail outlets.”
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