MasterCard is bringing its mobile PayPass contactless payment technology to Brazil, in partnership with Itau, TIM, Redecard and Gemalto.

Using PayPass, a consumer can tap a PayPass-enabled smartphone onto the merchant’s Near Field Communication terminal from Redecard, a Brazilian multi-brand acquirer. Purchases are charged to a virtual account linked to the user's smartphone and billed via the account holder’s statement with Itau, a Sao Paulo-based bank.  TIM is an Italian telecom with a subsidiary in Brazil, and Gemalto is a digital security company.

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