MasterCard Extends Global Reach of Mobile Money Services for the Unbanked

  MasterCard Extends Global Reach of Mobile Money Services for the Unbanked

 Partnerships with eServGlobal and Oltio Expand MasterCard Program to Address
                  Financial Inclusion in Developing Markets

to Tweet This News, Copy and Paste http://bit.ly/XrQCRX to Your Twitter Handle
                 with the Hashtag #MasterCard and #MWCashless

Mobile World Congress 2013

Business Wire

BARCELONA -- February 27, 2013

At Mobile World Congress, MasterCard (NYSE:MA) today announced that leading
mobile payment technology providers eServGlobal and Oltio have joined the
MasterCard Mobile Money Partnership Program (MMPP), an initiative launched in
February 2012 and is designed to help more than 2.5 billion
financially-underserved consumers around the world use their mobile phones to
access mainstream financial services.

The MasterCard Mobile Money Partnership Program extends the services of
today’s mobile money offerings – mobile top-up, bill payments and P2P payments
– to provide increased access and availability to electronic payments. In
addition, the flexibility of the Program’s platform allows mobile money
providers to leverage existing investments in closed-loop platforms, or in
case of new deployments, choose the platform of preference. Working with
eServGlobal and Oltio and existing partners Comviva, Gemalto, Sybase 365,
Telepin and Utiba, MasterCard is helping accelerate and expand the development
of financial services offerings in emerging markets via the use of mobile
technology.

eServGlobal is an established technology provider, offering a comprehensive
suite of end-to-end mobile financial services to more than 90 mobile and
financial services customers in over 55 countries worldwide. The MasterCard
Mobile Money Partnership program compliments eServGlobal’s open-loop mobile
money solutions, which link mobile wallets to the MasterCard network via
companion cards.

Oltio, a South African-based company focused on developing innovative products
and services where payments and mobile technology converge, currently offers
MasterCard open loop and remote payments solutions to merchants in South
Africa in collaboration with IPS Electronic Payments (IPSEP). In formally
joining the Program, Oltio will offer its customers a complete portfolio of
interoperable MasterCard open loop solutions.

“Mobile has the unique potential to provide financial inclusion in emerging
markets like Latin America, the Middle East, Asia and Africa. In fact, 16
percent of adults in Sub-Saharan Africa report having used a mobile phone in
the past 12 months to pay bills or send or receive money,” said Mung Ki Woo,
Group Executive, Mobile, MasterCard Worldwide. “The addition of eServGlobal
and Oltio into the Mobile Money Partnership Program increases our collective
reach and influence in emerging markets where better access to electronic
payments is vital. Each of these partners brings its own unique contribution
to the program, and we look forward to working with them to address one of the
defining challenges of our time.”

The Mobile Money Partnership Program offers consumers the following MasterCard
services:

  *Prepaid companion cards that can be used at merchants that accept
    MasterCard cards.
  *Virtual MasterCard accounts for consumers to make eCommerce payments with
    their mobile money account anywhere MasterCard is accepted online.
  *Person-to-person payments between subscribers of two different
    participating mobile money services.
  *Face-to-face or remote payments using mobile phones for goods and services
    at participating merchants that do not have traditional POS acceptance.

“We believe that mobile money is a service that can change people’s lives in
developing countries, yet it requires the right infrastructure, ecosystem and
marketing,” said Craig Halliday, CEO and Managing Director, eServGlobal. “We
believe that by partnering with MasterCard, we can help to further the Mobile
Money Partnership Program and in turn progress financial inclusion around the
globe.”

“As cards and phones increasingly converge, the demand for interoperability,
especially with wallets provided by mobile operators, will increase. Oltio’s
focus on in-phone security and our exposure to both banks and mobile networks
allows an innovative approach to resolving customer needs for access to safe
mobile money,” said Terry Timson, CEO Oltio. “We look forward to expanding our
relationship with MasterCard to provide convenient and secure payment
experiences and opportunities for customers around the world.”

  Find a complete list of MasterCard’s news announcements from Mobile World
 Congress in our Digital Press Kit and follow us @MasterCardNews#MWCashless
                   #MAMobileSymp to join the conversation.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com,  is a technology company in the
global payments industry. We operatethe 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 eServGlobal

eServGlobal specializes in Mobile Money solutions and Value-Added Services
(VAS), to help Mobile Service Providers increase their revenue and gain and
maintain customer ownership. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and aligning with
the requirements of more than 80 customers in over 55 countries. For 30 years
mobile and financial service providers have used eServGlobal solutions to lead
and innovate in their local markets, leveraging their core assets and their
trusted agent and subscriber relationships. With 12 offices globally,
eServGlobal provides full “end-to-end” and “any account to any account” Mobile
Money Services and International Remittance Services. Delivered in partnership
with BICS, the HomeSend solution is the only mobile-centric international
remittance hub to gain endorsement from the GSM Association.

eServGlobal’s Value-Added Services in promotions, loyalty and messaging enable
service providers to engage with their subscribers in a personalized and
dynamic manner. To reduce time-to market and to meet the needs of operators
and banks, eServGlobal provides multiple licensing alternatives as well as
SaaS-based products and services.

eServGlobal is listed on the Australian Securities Exchange (ESV) and the
London Stock Exchange AIM (ESG). More information at: www.eservglobal.com

About Oltio

Oltio (Pty) Ltd, formerly MTN Mobile Money South Africa (Pty) Ltd, is a wholly
owned subsidiary of MTN Mobile Money Holdings (Pty) Ltd, a joint venture
company formed in 2004 between the MTN Group (50%), and the Standard Bank
Group (50%). The Standard Bank Group is the largest African bank by assets and
earnings and MTN Group is the largest African Mobile Network Operator (MNO).

Over the past eight years, Oltio has developed a number of products including
payD. Branded as MasterCard Mobile, this product allows customers to buy
airtime directly from mobile network operators and purchase goods on
e-commerce sites using MasterCard PIN based products in a highly secure
manner. payD was a finalist in the 2012 GSMA awards.

Contact:

Media
MasterCard Worldwide
Brian Gendron, 914-249-1284
brian_gendron@mastercard.com
or
eServGlobal
Alison Cheek, +33 (0) 1 4612 7746
communications@eservglobal.com
or
Oltio
Dave Parratt, +27 (83) 209 1462
dave@oltio.com
 
Press spacebar to pause and continue. Press esc to stop.