MasterCard and Deutsche Telekom Unite in European Partnership on Mobile Payments

  MasterCard and Deutsche Telekom Unite in European Partnership on Mobile
  Payments

           * Payment products to be introduced in Germany and Poland
  * Mobile payment made easy through cooperation

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                    handle with the hashtag #MasterCard&DT

Business Wire

BERLIN -- July 02, 2012

MasterCard (NYSE:MA) and Deutsche Telekom today announced a European
partnership to enable consumers to use their mobile phones as a convenient and
secure way to pay.

At a press conference in Berlin today, Deutsche Telekom and MasterCard
highlighted the importance of their partnership and the introduction of mobile
payments - one of the fastest growing consumer services in the last five
years. The partnership aims to make mobile payments a reality for Deutsche
Telekom’s 93 million mobile customers across Europe.

Commenting on the partnership, Mr Thomas Kiessling, Chief Product and
Innovation Officer for Deutsche Telekom said, “This is a huge step on our way
to increase mobile payments. With MasterCard we have a well-known and
experienced partner generating growth in this important market segment. We
want to build a comprehensive ecosystem around mobile payment, helping Telekom
to realize its strategy of being the first choice for customers regarding
connected life and work.”

The first consumer roll-out will take place in Poland later this year. Also
this year German consumers will be introduced to mobile payments, initially in
a trial with mobile phone tags and cards, continuing into the first half of
next year with a mobile wallet service which will also be open to other
issuing banks and partners. Deutsche Telekom will issue the MasterCard
products via its subsidiary company ClickandBuy, the owner of an e-money
licence. Products will also be launched in other European markets.

Commenting, Ann Cairns, President, International Markets for MasterCard
Worldwide said, “The payment space continues to be ripe for innovation,
particularly at a time when we’re seeing an accelerating movement away from
cash - driven by technology. MasterCard’s heritage is rooted in the creation
of open technology, designed for everyone wanting to benefit from a more
convenient and secure shopping experience. The mobile wallet service is open
to other issuing banks and partners, helping support our customers in adapting
to new consumer behaviors and changing market dynamics. Through today’s
announcement we are showcasing a real meeting of the minds and that’s where
true partnerships come from.”

The fact that the mobile wallet will be realized in the environment of the SIM
card of the smartphones brings considerable benefits to the consumer: not only
is the payment transaction secure, but the consumer has continuous and
complete transparency and control because each transaction is confirmed via a
text message.

About MasterCard Worldwide

MasterCard (NYSE: MA), www.mastercard.com,is a global payments and technology
company. It operates the world’s fastest payments processing network,
connecting consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and territories. MasterCard’s products
and solutions make everyday commerce activities – such as shopping, traveling,
running a business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Cashless Conversations Blog and subscribe for the latest
news.

About Deutsche Telekom

Deutsche Telekom is one of the world’s leading integrated telecommunications
companies with over 129 million mobile customers, almost 34 million
fixed-network lines and 17 million broadband lines (as of march 31, 2012). The
Group provides products and services for the fixed network, mobile
communications, the Internet and IPTV for consumers, and ICT solutions for
business customers and corporate customers. Deutsche Telekom is present in
around 50 countries and has over 235,000 employees worldwide. The Group
generated revenues of EUR 58.7 billion in the 2011 financial year – more than
half of it outside Germany (as of December 31, 2011).

Further information for the media at: www.telekom.com/media,
www.telekom.com/photos, andhttp://newsroom.mastercard.com/digital-press-kits/

Contact:

MasterCard Media Relations:
Louise Herbert, +32 2 352 5647
louise_herbert@mastercard.com
or
Deutsche Telekom AGCorporate Communications:
+49 228 181 – 49491
media@telekom.de