C-SAM, a U.S.-based provider of secure mobile transactions technology, has announced a joint initiative with MasterCard to offer a white label mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa.

According to C-SAM, the solution will be based on the company’s Mobile Transaction Platform (MTP) and will be integrated with MasterCard’s pre-paid platform, offers and PayPass Wallet Services, enabling users to make contacltess mobile payments, redeem coupons and access other mobile financial services from their NFC-enabled mobile phone.

The joint solution will also be able manage multiple mobile devices, operating systems, secure elements, and connections to multiple third party systems, according to C-SAM.

“Our partnership with C-SAM offers telcos in the region an NFC solution that comes pre-packaged with prepaid instance issuance, TSM integration and coupon redemption at the point of sale and offers a path to a truly multichannel payment wallet through PayPass Wallet Services,” explained Raj Dhamodharan, MasterCard’s Regional head of Mobile and Ecommerce for Asia Pacific, Middle East & Africa.