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Magyar Telekom launches contactless mobile payment app

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Magyar Telekom, the Hungarian subsidy of German telecoms giant Deutsche Telekom, launched a mobile payment application for near field communication-enabled smartphones, Hungarian news agency MTI reported today.

The app, dubbed "mobile wallet" in Hungarian, partners up with OTP Bank, MasterCard, SuperShop and InterTicket, with MasterCard providing the technology and security for the service. Users can also exchange loyalty points for rewards with SuperShop, and they can pay for event admissions with the help of InterTicket. Telekom said that contactless payment is currently available at more than 20,000 points of sale in Hungary.

The appʼs test phase was launched in the summer of 2013 under the coordination of the Hungarian Mobile Wallet Association with the participation Hungaryʼs three biggest mobile service providers participated.

Vodafone is scheduled to offer subscribers mobile wallet services as of the first quarter of 2015, the company said, responding to MTI’s query. Telenor informed MTI it would launch mobile wallet services "as soon as possible".

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