MasterCard is teaming up with Georgian banks to launch mobile payments as soon as next year, according to Finchannel.com.
Kemal Uyan, regional business development director for MasterCard South East Europe, told Finchannel.com that the company is looking to roll out an NFC service called MOTAPS for contactless transactions at the point of sale, as well as a remote mobile payments platform called Mobile Payment Gateway.
The company is also hoping to spur PayPass card-based payments in Georgia as part of an effort to keep up with Visa, which has issued seventeen times as many debit cards and twelve times as many credit cards as MasterCard.
MasterCard is currently in talks with the Bank of Georgia, TBC Bank, Liberty Bank, Cartu Bank, ProCredit Bank Georgia and TaoPrivatBank.
“Firstly we issued our MasterCard PayPass cards in card form and later in other forms, like watches, keyfobs and stickers,” said Uyan. “We have introduced all these new technologies to banks in Georgia and we hope that in the very near future all of these technologies will be presented to consumers.”
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