Deutsche Telekom offers MyWallet mobile payment service with EUR 40 bonus

European telecom carrier Deutsche Telekom today announced the launch of MyWallet, a mobile payment service, with an introductory bonus of up to EUR 40.

The mobile service provider has already set up nearly 1,000 payment terminals in Bonn alone, said Deutsche Telekom. The city already has nearly 1,000 acceptance points in restaurants, shops and filling stations.

Deutsche Telekom said the app, the digital payment card and an NFC sticker are available for contactless mobile payment in Germany.

“In the future, our customers will not only use their digital wallets to make easy, secure payments, but also store concert tickets, membership cards or bonus points,” said Michael Hagspihl, director of Marketing at Telekom Deutschland.

Users can download MyWallet as a free app from the Google Play Store. The app already turns 18 smartphone models from Samsung and Sony into digital wallets.

Deutsche Telekom will launch mobile payment services in other markets including Slovakia and Hungary.

The company is planning to launch mobile payment solution mid-May, while it has done testing with services like payment and ticketing in Hungary. It is planning a commercial launch this year in Hungary, said Deutsche Telekom.

Besides the app and a MyWallet-capable Android smartphone from Deutsche Telekom, customers need an NFC-enabled SIM card to use the digital wallet. Deutsche Telekom customers, who already use a suitable smartphone, can order the NFC SIM card free of charge.

Using the MyWallet Card, a prepaid MasterCard, mobile users can pay at more than 35,000 PayPass merchants throughout Germany and more than 1.6 million merchants worldwide. Participating chains in Germany include Starbucks, Aral, Douglas, Kaufhof, Thalia, Vapiano and the Telekom Shops.

Users of other mobile phones and even other operating systems – such as iOS, Windows Phone and Firefox OS – can also use the MyWallet Card.

editor@telecomlead.com