MasterCard And Monitise Form Digital-Payment Partnership

MasterCard and Monitise plan to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide through a partnership announced March 24.

MasterCard and Monitise plan to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide through a partnership announced March 24.

The combination of MasterCard and Monitise’s complementary expertise in developing mobile platforms for commerce and banking is anticipated to result in additional innovative and secure solutions, the companies noted in a statement.

“Our partnership with Monitise builds upon a shared commitment to improve the mobile-shopping experience today and into the future,” Ed McLaughlin MasterCard chief emerging payments officer, said in a press release.

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