MasterCard Partnership Brings Mobile Payments to Rural Mexico

What's Next In Payments®
4:43 PM EST 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.

Read the full story here.

Comments
Also by This Author
What's Hot
Alternative Financial Services
Ant Financial To IPO In 2016
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
Consumer Finance
Visa Europe to Spend EUR 200 Million on Digital Payment Technology
B2B Payments
Slyce Snatches Coupon App SnipSnap for $6.5 Million
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Cool
Tapping Into The Two Screen Consumer
Alternative Financial Services
Ant Financial To IPO In 2016
News
Bed Bath & Beyond Finds Its Money in the Latter
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
View All Articles ››