MasterCard taps French mobile operator for contactless card

Contactless cards for France

French operator, SFR, is linking up with MasterCard to launch a contactless co-branded prepaid card according to reports. The NFC card will be connected to users’ mobile phone bill rather than a bank account. Priced at EUR14.90 a year, the card is targeted at the estimated 7 million people in France who do not have bank cards. Customers will not have to open a bank account and fund can be loaded with cash, credit card by bank transfers. The contactless card can be used at PayPass terminals in-store, at traditional POS terminals and for card-to-card transfers between friends and family. The card will come with a mobile app that provides real-time transaction data on balances and withdrawals.

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