MasterCard Inc. said Wednesday that it plans to launch a person-to-person mobile payment system this month.

The Purchase, N.Y., company's MoneySend system would work through text messages, a mobile Web site, mobile software, or a computer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.