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Deutsche Telekom Signs Up Wirecard for Mobile Payments
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Germany's Deutsche Telekom has announced that it is now working with technology and financial services provider Wirecard to implement its payment strategy.
As part of the partnership, Wirecard will put in place the technical processes for issuing the Telekom MasterCard and support Deutsche Telekom in processing payments.
"In Wirecard, we have found the best partner for card management and technical processing, taking the next step in creating an ecosystem for anything to do with mobile payment," explains Peter Vesco, Senior Vice President, Business Unit Payment at Deutsche Telekom.
The partnership does not only provide the technical basis for the payment card, which will be launched on the German market at the end of the year, but also covers the planned launch of Deutsche Telekom's Mobile Wallet in 2013.
Tags: [deutsche telekom] [mobile payments] [Germany]
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