Everything Everywhere Mastercard already offer a co-branded prepaid card, and Orange has some payment services available as part of its QuickTap NFC portfolio. Now the companies have announced that the prepaid card will be available via mobile NFC devices – allowing consumers to use their pre-paid card on an NFC compatible mobile – as part of a five year plan to roll out a host of payment and NFC-enabled services.
Everything Everywhere and Mastercard have said that the prepaid card on the mobile will be the first of a range of new co-branded products. The companies are planning services such as person-to-person money transfers, loyalty rewards and digital payment services.
Gerry McQuade, Chief Marketing Officer at Everything Everywhere, said, “Working with MasterCard is an important step in making mobile contactless payments more widely available for our 27 million customers. By moving our existing co-branded card offers onto mobile devices, we are closer to a world where our customers will be able to use their phone to pay for travel to work, pay for small purchases and take advantage of loyalty rewards from their favourite retail outlets.”
Marion King, President of MasterCard UK & Ireland, said: “MasterCard’s vision is of a world beyond cash, where consumers and small businesses alike can benefit from simple payments using smart technology. As the use of cash continues to decline, we will be able to provide Everything Everywhere’s 27 million customers with an attractive range of new payment services backed by the processing power and security of MasterCard.”