In a pair of alliances aimed at promoting secure wireless payments, MasterCard International and Visa International have each teamed up with Finnish mobile communications companies in technology development and marketing pacts.

Both MasterCard and Visa have been rushing after partnerships with smart card and wireless companies to develop solutions for secure payments through mobile devices. Visa has been working with the Swedish mobile company Ericsson to embed credit card information directly in a mobile device using a radar technology.

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