MasterCard to launch Mobile MoneySend in U.S.

Financial services giant MasterCard announced its on-demand, person-to-person Mobile MoneySend payment platform will go live in the U.S. later this month. According to MasterCard, the Mobile MoneySend platform enables bank customers to offer P2P payments to their customers--users can send and receive funds via SMS, mobile web, downloadable mobile application or PC, linking their mobile phone number to a MasterCard prepaid card issued by Bancorp. MasterCard adds that as more issuers enroll for the platform, their customers will be able to use MoneySend with their everyday accounts, including MasterCard debit, credit, prepaid or checking, as determined by their issuer.

MasterCard developed Mobile MoneySend in partnership with mobile payment solutions provider Obopay. The platform is already available in 17 countries across the Asia Pacific Middle East Africa region, including Singapore, Malaysia, Indonesia, Thailand, India and the Philippines.

For more on MasterCard Mobile MoneySend:
- read this release [1]

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