MasterCard Worldwide has appointed Mung-Ki Woo as group executive of the company’s mobile division.
According to MasterCard, Woo will have global responsibility for innovation, commercialization and development of go-to-market strategies to support mobile payments around the world.
Most recently, Woo was Vice President of Electronic Payments & Transactions at the France Telecom – Orange Group, where he led the development of the Orange Money mobile payment program, now commercially available in several African countries. He was also responsible for commercial deployment of Orange’s mobile contactless services in their major European markets.
Ed McLaughlin, chief emerging payments officer of MasterCard Worldwide, comments: “Mobile is a critically important strategic initiative for MasterCard. Consumers are quickly growing more comfortable with using their mobile devices for searching, shopping and making payments. With extensive knowledge of the telecommunications landscape, Mung-Ki will enhance our global perspective and lead MasterCard’s future growth in mobile commerce.”