Oberthur Technologies join the MasterCard Mobile Money Partnership Programme.
Oberthur Technologies a provider of security and identification solutions and services based on smart card technologies, has announced that MoreMagic, an Oberthur Technologies company, has joined the MasterCard Mobile Money Partnership Programme (MMPP).
Through its MoreMagic Mobile Money offer, Oberthur Technologies enables a full suite of banking, payment and commerce services in areas where there is a lack of banking infrastructure. Relying on the industry’s most comprehensive suite of applications, the solution connects a global mobile financial ecosystem that links mobile operators, financial services organizations, retail distributors, NGOs and other businesses.
“We are delighted to announce this partnership which is fully aligned with our strategy. Open loop acceptance, network integration and interoperability are critical for Mobile Money services to succeed and match the needs of unbanked populations. This partnership will leverage our best of breed mobile platform technology as well as MasterCard worldwide acceptance network,” said Arnaud de La Chapelle, Managing Director of the Solutions Business Unit at Oberthur Technologies.
“We are pleased to welcome MoreMagic into our Mobile Money Partnership Program and further efforts to accelerate and expand the development of financial services offerings in emerging markets via the use of mobile technology,” said Mung Ki Woo, Group Executive, Mobile, MasterCard.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
