Partnership creates a ‘one stop shop’ for banks and mobile operators to speed development of NFC payments offering to their customers
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BARCELONA – February 25, 2014 – At Mobile World Congress, MasterCard today announced a collaboration between Deutsche Telekom, Telefónica Deutschland, Vodafone and TREVICA (a MasterCard owned company) to create a new mobile platform and accelerate the development of mobile payments in Germany. The three mobile operators represent 80% of mobile customers in Germany, which means that banks and financial institutions can hugely accelerate their ability to provide mass- market mobile payment services to consumers. Instead of connecting to individual mobile operators, issuing banks can now connect to TREVICA and have access to a number of mobile operators with one single integration to the TREVICA platform.
The shift to digital forms of payment is increasing as more and more consumers want to shop safely when they are on the go. Stefano Parisse, Group Director Consumer Services at Vodafone explained: ‘We want to enable banks to reach more of their customers with secure NFC. By reducing the cost for banks to integrate and by reducing their time to market, we are confident that we have a model for Germany that will work around Europe.’ Peter Vesco, Senior Vice President Business Unit Payment at Deutsche Telekom added: ‘We are continuously going forward on our way of making mobile payments become a usual payment method for everyone. This cooperation is a further step in that direction.’
Michael Kurz, Vice President Digital Partnerships at Telefónica Deutschland said: ‘Mobile payment has already entered the German market. This new partnership will further speed up the use and acceptance of mobile payment and will bring more efficiency and transparency amongst the various players in the market.’
‘By bringing together the best in banking and mobile, we make mobile payments ubiquitous across all networks, just like messaging today,’ says Pawel Rychlinski, Division President Germany and Switzerland at MasterCard. ‘Today we announce a game- changer in Germany and during 2014 we will extend to more European countries.’
About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with 140 million mobile customers, over 31 million fixed-network lines and more than 17 million broadband lines (as of September 30, 2013). The Group provides fixed network, mobile communications, Internet and IPTV products and services for consumers and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in around 50 countries and has 230,000 employees worldwide. The Group generated revenues of EUR 58.2 billion in the 2012 financial year – more than half of it outside Germany (as of December 31, 2012).
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 Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
About Telefónica Deutschland
Telefónica Deutschland Holding AG, listed at the Frankfurt Stock Exchange in the Prime Standard, and its wholly-owned, operationally active subsidiary Telefónica Germany GmbH & Co. OHG belong to Telefónica Europe and are part of the Spanish telecommunication group Telefónica S.A. The company offers its German private and business customers post-paid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS, UMTS and LTE technologies with its product brand O2. In addition, the integrated communications provider also offers DSL fixed network telephony and high-speed internet. Telefónica Europe has more than 103 million mobile and fixed network customers in Spain, Great Britain, Ireland, the Czech Republic, Slovakia and Germany.
TREVICA is a European payment processing company, established in 2008 and fully owned by MasterCard. Everything we do is designed to grow our customers’ business and improve their operations. TREVICA has been actively participating in the Near Field Communication ecosystem initiative in Europe. As a Trusted Service Manager, TREVICA makes it simple and easy for Issuers and Mobile Network Operators to integrate and issue mobile payment products.
Vodafone is one of the world’s largest mobile communications companies by revenue with approximately 419 million customers in its controlled and jointly controlled markets as of 31 December 2013. Vodafone has equity interests in telecommunications operations in nearly 30 countries and around 50 partner networks worldwide. For more information, please visit: www.vodafone.com
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