25 August 2016
Find out more

Deutsche Telekom launches NFC mobile wallet

08 May 2014  |  5668 views  |  2 German flag

Deutsche Telekom has unveiled an NFC mobile wallet in Germany, enabling customers to make low value contactless payments at MasterCard PayPass terminals.

Customers who download the MyWallet app can link it to a MasterCard pre-paid account issued by Deutsche Telekom's ClickandBuy International subsidiary.

Users with select Samsung and Sony handsets running Android will be offered an NFC-enabled SIM while customers with other phones and operating systems can use contactless stickers instead.

Germans who sign up for the wallet will get a EUR40 bonus and Deutsche Telekom is promising to add new features such as coupons this Summer. The service will also be expanded to Slovakia and Hungary later this year.
KeywordsEFTPOS

Comments: (2)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 08 May, 2014, 09:53 What has a single prepaid card got to do with a "wallet"?..
1 thumb up! 1 thumb up! (Log in to thumb up)
Robin Setty
Robin Setty - ACI Worldwide (EMEA) Limited - Watford | 12 May, 2014, 13:12

The term 'wallet' is certainly being misused an awful lot! But why would a card issuer want to provide consumers with anything other than a tool to encourage use of their product?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SIMalliance issues Host Card Emulation warning

SIMalliance issues Host Card Emulation warning

29 April 2014  |  5565 views  |  0 comments | 7 tweets | 8 linkedin
PayPal boss Marcus softens stance on NFC but insists BLE will win out

PayPal boss Marcus softens stance on NFC but insists BLE will win out

23 April 2014  |  9475 views  |  5 comments | 14 tweets | 29 linkedin
MasterCard and German telcos promise mass-market mobile payments

MasterCard and German telcos promise mass-market mobile payments

25 February 2014  |  5243 views  |  2 comments | 8 tweets | 13 linkedin
UK mobile operators partner MasterCard for NFC m-payments drive

UK mobile operators partner MasterCard for NFC m-payments drive

06 February 2014  |  11298 views  |  8 comments | 10 tweets | 15 linkedin
German co-operative banks trial mobile sticker technology

German co-operative banks trial mobile sticker technology

17 July 2012  |  6085 views  |  0 comments
Deutsche Telekom orders NFC SIM for mobile payments

Deutsche Telekom orders NFC SIM for mobile payments

27 June 2011  |  7056 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit VocaLink.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
8467 views 0 | 55 tweets | 46 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
7123 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
6671 views 10 | 22 tweets | 8 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6203 views comments | 17 tweets | 19 linkedin

Featured job

Find your next job