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.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry