MasterCard Mobile
Mobile phones are an integral part of consumers' increasingly mobile lives, always there and always on. At the end of 2007, there were more than 3 billion mobile phones globally1. Now, increasing network speed and handset security are making it possible to conduct mobile payments and financial services on a mobile phone.
MasterCard Mobile services are designed to offer a positive business model for all parties in the mobile value chain, including consumers, financial institutions, network operators, and merchants. These payment-related and value-added services include: contactless payments, mobile commerce, worldwide money transfer and domestic person-to-person payments. MasterCard Mobile combines payments and communications onto one "anywhere" consumer device that gives the entire mobile transaction value chain the opportunity to develop and grow profitable businesses for many years to come.
A pioneer in the mobile space for more than a decade, MasterCard has led the development of the Mobile Payments framework that created the first industry standards body in 2000. MasterCard continues to lead activity in the Mobile Payment Forum and in the NFC (Near Field Communications) Forum where the future of mobile payments is being defined.
1Source: Portio Research, 2007
