Under the agreement, Wirecard is set to put in place the technical processes for issuing the Telekom MasterCard and support Deutsche Telekom in processing payments. The partnership provides the technical basis for the payment card, which is set to be launched on the German market at the end of 2012 and covers the planned launch of Deutsche Telekoms mobile wallet in 2013.
In recent news, MasterCard has entered a partnership with Deutsche Telekom to enable Deutsche Telekoms mobile customers across Europe to use their mobile devices to pay for goods and services.
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