MasterCard to collaborate with Unicom on mobile payments in China

Source: MasterCard

Unicom Payment and MasterCard have signed a Memorandum of Understanding (MOU) for the establishment of a mutually beneficial relationship to explore future business collaboration.

The MOU aims to forge a platform for potential cooperation in emerging mobile payments including in the areas of mobile Virtual Card Network, MasterCard inControl, MasterCard PayPass and the development of mobile wallets.

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