- Prepaid companion cards that can be used at merchants that accept MasterCard cards.
- Virtual MasterCard accounts for consumers to make eCommerce payments with their mobile money account anywhere MasterCard is accepted online.
- Person-to-person payments between subscribers of two different participating mobile money services.
- Face-to-face or remote payments using mobile phones for goods and services at participating merchants that do not have traditional POS acceptance.
“As cards and phones increasingly converge, the demand for interoperability, especially with wallets provided by mobile operators, will increase. Oltio’s focus on in-phone security and our exposure to both banks and mobile networks allows an innovative approach to resolving customer needs for access to safe mobile money,” said Terry Timson, CEO Oltio. “We look forward to expanding our relationship with MasterCard to provide convenient and secure payment experiences and opportunities for customers around the world.”Find a complete list of MasterCard’s news announcements from Mobile World Congress in our Digital Press Kit and follow us @MasterCardNews #MWCashless #MAMobileSymp to join the conversation. About MasterCard MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews , join the discussion on the Cashless Conversations Blog and subscribe for the latest news. About eServGlobal eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Mobile Service Providers increase their revenue and gain and maintain customer ownership. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 80 customers in over 55 countries. For 30 years mobile and financial service providers have used eServGlobal solutions to lead and innovate in their local markets, leveraging their core assets and their trusted agent and subscriber relationships. With 12 offices globally, eServGlobal provides full “end-to-end” and “any account to any account” Mobile Money Services and International Remittance Services. Delivered in partnership with BICS, the HomeSend solution is the only mobile-centric international remittance hub to gain endorsement from the GSM Association.
eServGlobal’s Value-Added Services in promotions, loyalty and messaging enable service providers to engage with their subscribers in a personalized and dynamic manner. To reduce time-to market and to meet the needs of operators and banks, eServGlobal provides multiple licensing alternatives as well as SaaS-based products and services.eServGlobal is listed on the Australian Securities Exchange (ESV) and the London Stock Exchange AIM (ESG). More information at: www.eservglobal.com About Oltio Oltio (Pty) Ltd, formerly MTN Mobile Money South Africa (Pty) Ltd, is a wholly owned subsidiary of MTN Mobile Money Holdings (Pty) Ltd, a joint venture company formed in 2004 between the MTN Group (50%), and the Standard Bank Group (50%). The Standard Bank Group is the largest African bank by assets and earnings and MTN Group is the largest African Mobile Network Operator (MNO). Over the past eight years, Oltio has developed a number of products including payD. Branded as MasterCard Mobile, this product allows customers to buy airtime directly from mobile network operators and purchase goods on e-commerce sites using MasterCard PIN based products in a highly secure manner. payD was a finalist in the 2012 GSMA awards.