The headline says it all! Today at MasterCard we were pleased to share that we have signed a strategic partnership and made an investment in mFoundry, the leading mobile banking provider in the US market.
Simply put – both companies want to bring mobile payments to more consumers. Whether paying for groceries or a cup of coffee – we want more consumers to have the ability to tap and pay for those items with their mobile phone. mFoundry provides mobile banking solutions for nearly 600 banks and credit unions. By incorporating MasterCard’s PayPass technology with mFoundry’s mobile financial services platform, this partnership will ensure that mobile payments is accessible for more consumers through the banks and credit unions they currently use.
I chatted with Drew Sievers, mFoundry Co-founder and CEO and recorded our conversation. See what we had to say about how this collaboration will benefit consumers and banks.
1 Comment
This will provide MasterCard a competitive edge on the new dot mobile era. But not sure if its enough to go against other competitors in the market such as google and paypal, some status quo protocols have been over lapped. It will be interesting in the upcomming months and years.