MasterCard opens an office in Barcelona attracted by the Mobile World Capital
The North-American company will launch later this year the ‘PayPass Wallet’, a global technology platform that unifies physical and digital payment systems. Master Card has just opened an office in Barcelona in order to take advantage of the synergies in a “pulse for future technological development” according to the president of MasterCard Europe, as Barcelona, was proclaimed World Capital of Mobile Telephony. MasterCard Europe has only one office per country, so Catalonia will be the first exception: with the opening of the new office in Barcelona, the company has two locations in Spain.
Barcelona (ACN).- In its commitment to innovate, Master Card has just opened an office in Barcelona in order to take advantage of the synergies in a \u201Cpulse for future technological development\u201D according to the president of MasterCard Europe, Javier Perez, as Barcelona was proclaimed World Capital of Mobile Telephony. The company announced the launch into the Spanish market of the \u2018PayPas Wallet\u2019, a global technology platform that works as if it were a wallet and unifies payments of online shopping through computers, mobile phones or tablets and physical shopping with the \u2018contactless\u2019 system.
MasterCard Europe has only one office per country, so Catalonia will be the first exception: with the opening of the new office in Barcelona, the company has two locations in Spain. According to Javier Perez, this decision reflects the innovation and technology strategy inherent in the company and that \u201Cin a revolution in the methods of payment such as that currently being experienced worldwide, MasterCard wants to be a leader in making life easier for consumers and businesses\u201D.
Jesus Perez explained that the location in Barcelona is a strategic investment for the future because the company will \u201Cwork with leading companies in the mobile telephone world\u201D and will use the city as a \u201Claboratory\u201D and because we want to \u201Cbe present in the centre of technological innovation\u201D that represents the Mobile World Capital, said the general manager of MasterCard in Spain and Portugal, Pilar Aurrecoechea. In addition, company leaders also stressed the \u201Ctechnology friendly and willing attitude of the Catalan Government and the Barcelona City Council \u201Cto do things and help\u201D said Perez, who also stated that \u201CCatalonia will lead the introduction of mobile technology in the new payment systems in Spain\u201D.
Catalonia, leader in Spain of card payment
In this sense, Perez referred to the whole of Catalan consumers and businesses, as leaders in Spain in the use of credit cards. Thus, MasterCard corroborated, with data from a report carried out by Inmark: 45.6% of payments in Catalonia are made by card, while the average in Spain is 38.2%.
MasterCard launches an e-wallet with no card or chip
The opening of the new office in Catalonia coincides with the worldwide launch of \u2018Pay Pass Wallet\u2019, a global platform that facilitates online or physical purchases in the stores, and that unifies all current payment systems into one. The new product, which is the result of six years of hard work, is the inclusion of MasterCard in the world of cash cards.
Thus, the \u2018Pay Pass Wallet\u2019 is an application that customers can download to their phone, tablet or computer and which will provide with a single \u2018click\u2019 three different solutions for retail payments through the \u2018contactless\u2019 system that allows all types of purchases with mobile phones with NFC technology. This technology is based on bringing the phone to a payment terminal.
Moreover, the \u2018Pay Pass Wallet\u2019 allows the user to easily connect to other payment systems for digital wallets, such as those that have been implemented by financial institutions. The customer will also be able to link all its accounts. All this, without chips or plastic cards because through this application all data will be stored on the Internet.
The new MasterCard application, unveiled last Tuesday worldwide, will be launched first in the Unites States, Canada, the UK and Australia. Then, between the end of this year and early 2013, it will come to Spain and the rest of Europe.