C-SAM, MasterCard to offer mobile wallet soln

By : |May 17, 2012 0

[image_library_tag 177/14177, align=”left” title=”C-SAM” border=”0″ hspace=”7″ alt=”C-SAM” vspace=”7″ width=”177″ height=”93″ ,default]MUMBAI, INDIA: C-SAM, a mobile transactions technology provider, on Friday announced a joint initiative with MasterCard to offer a white label mobile wallet solution based on C-SAM’s flexible Mobile Transaction Platform (MTP), enabling integration with MasterCard’s pre-paid platform, offers, PayPass Wallet Services and rich informational services.

This integrated offering will provide a scalable mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa, said a press release.

The joint solution will solve complexities of managing multiple mobile devices and operating systems, secure elements, and connections to multiple third party systems.

Mobile operators and financial institutions will be able to offer a best in breed user experience to their customers while staying focused on relevant, customizable and profitable mobile services.

“Our partnership with C-SAM offers telcos in the region a NFC solution that comes pre-packaged with prepaid instance issuance, TSM integration and coupon redemption at the point of sale and offers a path to a truly multichannel payment wallet through PayPass Wallet Services” said Raj Dhamodharan, regional head of Mobile and Ecommerce for Asia Pacific, Middle East and Africa for MasterCard.

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