Under the agreement, the companies are initially set to roll-out mobile phone tags and cards as part of a trial program in Germany and Poland. They are also set to launch a mobile wallet service in H1 2013 which will be open to issuing banks and partners.
Deutsche Telekom is set to issue the MasterCard services via online payment processing services provider ClickandBuy.
In recent news, MasterCard has entered an agreement with the Hungarian Red Cross to make the MasterCard mobile payment application available to support the organisations first-aid stations on Lake Balaton.
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