Deutsche Telekom Teams Up With Mastercard for Mobile Payments
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Deutsche Telekom AG teamed up with Mastercard Inc. to enable consumers to pay with mobile handsets as Europe’s second-largest phone company seeks to use its network for new services.
In a first step, the Bonn-based operator will offer payment cards in Germany this year that come with a so-called near-field communication chip, allowing transactions by moving it close to a cash register, Deutsche Telekom said in a statement today. The company will later integrate the NFC technology into mobile-phone SIM cards.