MasterCard partners Japanese telco KDDI to offer prepaid programme

au-wallet

MasterCard has announced a partnership with KDDI, a Japanese mobile operator, to launch the au WALLET. The au WALLET is a prepaid card programme for au-brand mobile network subscribers.

The au WALLET card will allow KDDI’s ‘au’ mobile network subscribers to enjoy safer, easier, and more rewarding payment options at any merchant that accepts MasterCard payment cards, either offline or online.

Ron Hynes, Group Executive of MasterCard’s Global Prepaid Solutions, said, “The MasterCard prepaid program is expanding globally, particularly in the APMEA region where the gross dollar value of MasterCard’s prepaid card business grew 40% in 2013. The new au WALLET prepaid card is the latest example of our commitment to a World Beyond Cash, where MasterCard is helping to make payments safer, easier and more rewarding than cash.”

Takashi Tanaka, President of KDDI, said, “We are excited to expand our value chain with the launch of the au WALLET card which will provide Japanese consumers with  seamless, convenient and secure payment experiences both in-store and at online stores. Through our partnership with MasterCard, our customers will be connected to a global acceptance network that enables them to shop at millions of merchants around the world.”

Robert Luton, Division President of MasterCard Japan, said, “We are excited to launch this product with KDDI because our two services have great synergy. Japanese consumers are savvy users of electronic payments, so we are thrilled to support them with innovative technology. We are delighted that through this partnership, we will provide Japanese cardholders additional value-added payment options, while further expanding MasterCard’s presence in Japan.”

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