MasterCard, Deutsche Telekom Partner on Mobile Payments in Europe

Credit card company MasterCard Inc. (MA) will partner with Deutsche Telekom AG (DTEGY, DTE.XE) to launch a mobile payment platform that allows customers to pay for goods and services with their cellphones.

The first consumer roll-out of the new European partnership will take place in Poland later this year. German customers will also be introduced to mobile payments, beginning with a trial of mobile phone tags and cards and continuing into the first half of 2013 with a mobile wallet service.