Through its MoreMagic Mobile Money offer, Oberthur Technologies enables a full suite of banking, payment and commerce services in areas where there is a lack of banking infrastructure. Relying on the industry’s most comprehensive suite of applications, the solution connects a global mobile financial ecosystem that links mobile operators, financial services organizations, retail distributors, NGOs and other businesses.
Through the MasterCard MMPP, Oberthur Technologies will enhance its existing mobile money offerings and give access to the open loop MasterCard network thanks to a range of additional MasterCard services, including prepaid companion cards that can be used at merchants accepting MasterCard cards; virtual card accounts for eCommerce payments using the mobile money account; and, person-to-person payments between subscribers of two different mobile money services.
