LONDON--(MasterCard, the world’s fastest payment processor, and Everything Everywhere, the UK’s largest communications company, have announced an exclusive, five-year partnership to develop leading mobile and digital payment solutions for Everything Everywhere’s 27 million UK customers.)--
This new strategic partnership will support the accelerated adoption of secure mobile payments by combining technology and financial assets to create new services that will make paying for goods and services easier for people and small businesses.
One of the first products to launch through the partnership will be a co-branded pre-paid solution for mobile devices that allows customers to make payments using Near Field Communications technology. This will enable millions of Everything Everywhere customers to make contactless payments at more than 100,000 retailers in the UK.
Over the course of the partnership, MasterCard and Everything Everywhere will expand its scope into other areas, including person-to-person money transfers, loyalty rewards and digital payment services that will enable consumers to have the same simple shopping experience whether they're paying in-store, online or using their mobile device. In addition, the two companies will develop services that allow small business customers to accept payments using mobile devices, with more details to be announced later this year.
Marion King, President of MasterCard UK & Ireland, said:
“We’re delighted to be working with Everything Everywhere, the UK’s leading mobile operator. MasterCard’s vision is of a world beyond cash, where consumers and small businesses alike can benefit from simple payments using smart technology. The partnership we are announcing today builds on our strong heritage in the mobile payments space and ensures that MasterCard remains the partner of choice for leading businesses in the UK.
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.”
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.”
MasterCard and Everything Everywhere have already been working together successfully for the last three years on Orange QuickTap, the first commercially available Near Field Communications-enabled payments service in the UK, and the Orange Cash pre-paid card, both delivered in 2011.
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 Everything Everywhere
Everything Everywhere is the UK’s largest communications company, providing mobile and fixed-broadband communications services to more than 27 million customers through the Orange and T-Mobile brands. It has invested over £15 billion since 2000 building Britain’s biggest mobile networks, and plans to invest over £1.5bn in the next three years to further improve its network and introduce fast 4G LTE mobile broadband services. Recognised for award-winning customer service, Everything Everywhere employs more than 15,000 people and operates over 720 retail stores across the UK. It has revenues equivalent to a FTSE 40 company and is backed by two of the world’s leading global communications groups, Deutsche Telekom and France Telecom, who are equal owners.