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28th February 2012

More on Telefónica and MasterCard LatAm JV

Telefónica and MasterCard announced more details of their mobile payment Joint Venture in Latin America.


The JV has been named Wanda and it is to be offered to all 87m Movistar mobile customers of Telefónica covering 12 countries. One of the bold claims is that the mobile wallet or prepaid account 'will be available anytime, anywhere in the world'.


The objective of the service is stated as: ". . integrating the mobile phone’s advantages of convenience, ease and accessibility with the security, reliability and unsurpassed acceptance of electronic payment systems, through an open model, to ensure interoperability between the unbanked and banked segments".