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Get to know mobile financial services, a telefonica and mastercard joint venture for mobile payments

Mobile Financial Services was a joint venture established in 2011 by Telefónica and MasterCard to create a new mobile-based financial services platform. Operating under the brand name "Wanda," the service aimed to provide mobile money solutions like money transfers, bill payments, and retail purchases to Telefónica's Movistar mobile subscribers, with a focus on the 87 million unbanked and underbanked individuals in Latin America. The platform was launched in select markets, including Peru and Argentina, but failed to gain significant traction and was eventually discontinued. The UK-based holding company was formally dissolved.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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mobile financial services, a telefonica and mastercard joint venture for mobile payments

Peru

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.