Deutsche Telekom launches NFC mobile wallet

Deutsche Telekom launches NFC mobile wallet

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.

Comments: (2)

A Finextra member
A Finextra member 08 May, 2014, 09:531 like 1 like What has a single prepaid card got to do with a "wallet"?..
Robin Setty
Robin Setty - ACI Worldwide (EMEA) Limited - Watford 12 May, 2014, 13:12Be the first to give this comment the thumbs up 0 likes

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?

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