Telecom Lead India:
Mobile payment is emerging as a strong revenue earner for telecom operators.
C-SAM announced its agreement with MasterCard to offer a
white label mobile wallet solution based on C-SAM’s mobile transaction platform
MTP enables integration with MasterCard’s pre-paid platform,
offering PayPass Wallet Services and informational services.
C-SAM and MasterCard are targeting mobile operators, retail
banks and payment providers in Asia Pacific, Middle East and Africa looking to
launch a range of mobile contactless payment services blended with offers,
coupons and rich value added services to their customers.
C-SAM said the joint solution is designed to solve
complexities of managing multiple mobile devices & 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 & Africa for MasterCard.
The synergistic combination of MasterCard’s deep expertise
in payments systems with C-SAM’s extensive experience in mobile wallet
technology and deployments has resulted in a powerful and flexible solution
that we believe effectively addresses the needs of major players across the
mobile ecosystem for an integrated mobile services offering,” said Felix Marx,
C-SAM licenses technology and provides turnkey services to
carriers, banks, merchants, settlement networks, healthcare providers, and
large infrastructure providers.
C-SAM has launched commercial services in the US, Japan,
China, India, Singapore, and Mexico.
C-SAM’s mobile wallet management platform supports different
handset environments and mobile carrier networks, as well as
near-field-communication (NFC) based secure proximity transactions for payment
as well as non-payment applications.