Mastercard’s P2P Platform Plans for Mobile Payments

Mastercard has announced that they will offer a payment platform for mobile person-to-person payments in the US. The service, called Moneysend, is set to go live this month.

When money is transferred from one user to another it is debited from the sender’s Mastercard account and credited to the receiver’s Mastercard.

(Photo credit: StewieD)

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