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Deutsche telekom unveils mobile payments plans - Payment POS Terminal Manufacturer by vacuumse mse
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Deutsche telekom unveils mobile payments plans - Payment POS Terminal Manufacturer by VACUUMSE MSE
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| Article Posted: 08/08/2013 |
| Article Views: 122 |
| Articles Written: 1079 - MORE ARTICLES FROM THIS AUTHOR |
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Deutsche telekom unveils mobile payments plans - Payment POS Terminal Manufacturer |
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Business,Business News,Business Opportunities
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Deutsche Telekom has signed a mobile payments partnership deal with MasterCard and revealed that it is to take a four part approach to theintroduction of payments services in Europe online payments,mobile wallets, issuing payments cards and distributing POSterminals. "We want to build a comprehensive ecosystem around mobile payment,helping Telekom to realise its strategy of being the first choicefor customers regarding connected life and work," says ThomasKiessling, Deutsche Telekom's chief product and innovation officer. "Deutsche Telekom is establishing an ecosystem for mobile paymentswhich provides an end-to-end service for private customers andretailers," the carrier explains. "The strengths that DeutscheTelekom brings to the payment sector are its existing relationshipswith more than 90 million mobile customers in Europe; a familiar,reliable brand; local presence in the markets; and high securitystandards.
In addition, with its ClickandBuy subsidiary, DeutscheTelekom already has an established player in the payment market." Deutsche Telekom's planned European payment ecosystem is based onfour strategic pillars, the carrier adds: Online Payment Thanks to Deutsche Telekom's ClickandBuy subsidiary, this is anestablished area with 14 million customers and many high-profilepartners. Mobile Wallet In the future, the smartphone will become a mobile wallet. Inaddition to actual payments, it will also enable applications liketicketing, couponing or unlocking cars or houses. Deutsche Telekomis not only offering its customers the option of keeping theirdebit and credit cards safe in their wallet, but also theircustomer loyalty cards, admission tickets, or travel tickets. Inline with its group strategy, Deutsche Telekom is also a secureenabler for partner company applications.
The mobile wallet willlaunch this year in Poland, and in the first half of 2013 inGermany. Launches in additional countries are also planned. In the medium to long term, Deutsche Telekom will also integrateadditional options into the mobile wallet, for example, an optionfor receiving mobile coupons on your mobile phone directly andredeeming them in-store, and an option for transferring moneydirectly between mobile end devices. Issuing payment cards To complete its portfolio, Deutsche Telekom will issue its ownpayment product through its ClickandBuy subsidiary. ClickandBuy'se-money license allows Deutsche Telekom to issue payment cardsitself (i.e.
without a partner bank in the background). It willenter into a strategic partnership with MasterCard for thispurpose. POS/Terminals Deutsche Telekom will also enter the key area of distributingNFC-capable terminals to retail outlets. This will solve the"chicken-and-egg" problem of contactless and mobile payments. Thecompany will act as a partner for the sale of POS terminals anddevelop a sustainable infrastructure.
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