MasterCard Partnership Brings Mobile Payments to Rural Mexico

What's Next In Payments®
4:43 PM EDT August 2nd, 2012

A pair of Mexican commercial entities is working with MasterCard to deliver mobile payment solutions to the nation’s rural consumers.

Banorte, the country’s third largest bank, and Telecomm Telegrafos, a government-run telco operation, are working with MasterCard to operate “MiFon,” a new mobile-based financial service powered by SMS technology.

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