Mobile payments partnership in Brazil between MasterCard and Telefonica

The credit card giant and telecom company have paired up to develop a new transaction solution. MasterCard International and The TelefĂ´nica Group have just launched a new company called MFS, under a partnership between them that is designed to allow them to work together to create mobile payments solutions in Brazil. The first product from MFS is currently set to be launched in April of next year. That will consist of a pre-paid MasterCard account that can be accessed for mobile payments. The purpose is to allow individuals to be…

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