Article

  Comment(0)

 
Share:    Email  

Telefonica Moves Into Mobile Money Market In Argentina

Shane Romig, DOW JONES NEWSWIRES

Wednesday, May 23, 2012 - 20:53

Spain's Telefonica SA (TEF) and MasterCard (MA) on Wednesday launched a mobile money service in Argentina with an eye on millions of wireless users who don't have a bank account.

Spain's Telefonica SA (TEF) and MasterCard (MA) on Wednesday launched a mobile money service in Argentina with an eye on millions of wireless users who don't have a bank account.

Telefonica and Mastercard plan to eventually offer the service, dubbed Wanda, in a dozen Latin American countries through a 50-50 joint venture.

Wanda is based on a virtual prepaid debit account linked to a cell phone. Argentine users can transfer money between Wanda accounts, buy air time, make purchases at participating stores, and soon will be able to pay bills, Wanda general manager Ramiro Gomez said.
Read the full story by clicking the link below
http://online.wsj.com/article/BT-CO-20120523-718088.html
 
Tags: Mobile Money Transfer, Americas, Mobile Wallet, Argentina

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Apple to partner with China Unionpay on m-payments - report
2.Orange, BANK OF AFRICA in mobile financial services partnership
3.Mobile Payment Brands Go On Offensive in Fear of Apple Pay Domina
4.PayPal Here, the company’s donglebased mobile payments solution
5.Samsung is teaming with PayPal for mobile payments on a watch
6.As Apple Pay Hits, Visa Signals Hopes To Be Mobile Payment Player
7.Why the U.S. Lags the World in Mobile Payments
8.BBM Users Get Mobile Payments Boost from BlackBerry
9.BlackBerry Enhances Mobile Payment Capabilities for BBM Users
10.Snapdeal to double engineers to 700 to tap mobile commerce

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network