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Telenor introduces wallet app in Hungary

24 February 2016  |  2671 views  |  0 Source: Telenor

Telenor, the second largest mobile network operator in Hungary introduced a new, important and useful feature for its Telenor Wallet application available free of charge for Android and IOS users.

Now the app also supports MasterPass, the MasterCard digital payment solution that allows customers to buy the things they want quickly, simply and anywhere they are. The introduction of the new feature is unique as Telenor Wallet (by Telenor Hungary) is the first MNO integrating MasterPass functionality into their wallet.

MasterPass makes it possible for the users to purchase goods on the internet or in app through Telenor Wallet in a simple, fast and safe way.

  • Telenor Wallet is a free application which can be used not only by the clients of Telenor, but customers of any other mobile service provider.
  • To pay with MasterPass, users can register with any bank cards with a major brand issued by any banks in the Telenor Wallet. MasterPass eliminates the need to enter detailed payment information with every purchase; it is enough to provide the customer’s phone number on the merchant’s website. The solution simplifies the process of completing a transaction from any connected device.

Telenor Wallet was developed and connected to MasterPass by leading European mobile wallet provider Cellum.

Quick and easy registration

To pay with MasterPass, register a bank card and other data necessary for the transaction (expiration date, verification number) once in the Telenor Wallet app and choose the “Buy with MasterPass” option at the end of the shopping experience. Bank card data is never stored on the smartphone.

“We are pleased to announce that Telenor is the first mobile network operator in the world to launch a MasterPass enabled wallet. A recent study reveals that at the end of last year the number of online shoppers was more than 2,3 million in Hungary, which represents 41% of those who use internet on a daily basis. The Wallet application has been downloaded on over 250,000 smartphones, which makes it the most popular mobile wallet in Hungary” said Aleksandra Banovic, Chief Digital Service Officer at Telenor.

“We’re in the midst of a global transformation as people are moving from the offline and disconnected world. This is the digital story of our time: everyone and everything is becoming connected. And this connectivity is transforming the way consumers interact….and now transact. We are very proud that Telenor, who is a pioneer in this field, has decided to expand its services with MasterPass, a unique solution that will make shopping even more secure, easier and faster for its customers.” commented Endre Eölyüs, Country Manager for Hungary and Slovenia at MasterCard.

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