The Battle For The Mobile Wallet

Deutsche Bank will this week begin letting customers pay with their MasterCard using an App and their Android smartphones, amid reports that Apple Pay is about to enter the market. If it does, it will engage in a power struggle with German banks for the greatest asset of the banks – contact to their customers. So far, Deutsche Bank’s mobile app only works with  Google’s operating system Android and the first step of its mobile payment service will only reach the 300,000 bank customers with a MasterCard, Handelsblatt has learnt.