Mozido, a provider of financial and marketing services to mobile phone users, today announced it has signed a global commercial agreement with MasterCard, according to a press release. Mozido will integrate MasterCard payment and security products into Mozido's global ecosystem of mobile payment, marketing, and commerce services accessible from any type of mobile phone. 

Under the partnership, Mozido currently supports MasterCard credit, debit, and prepaid cards as mobile wallet funding sources, according to the announcement. Mozido will integrate and promote the MasterCard integrated products suite as a part of Mozido's Mobile Transaction EcoSystem Architecture Framework so that all Mozido-built mobile payment and commerce solutions will include MasterPass, HomeSend, MoneySend, rePower, and MasterCard security and commerce services.

"Mozido's mobile ecosystem brings easier, more attainable financial and mobile marketing services to merchants and customers. Their focus on the underserved is especially compelling," said Ron Hynes, group executive, Global Prepaid, MasterCard. "Mozido's strength in building versatile mobile financial and retail solutions that translate across borders makes the company a great partner for our prepaid card, payment, and security services."

"Our partnership with MasterCard advances our mission to establish a Mobile Global Exchange (MGX) capability of mobile payments that work seamlessly and securely wherever customers are," said David Luther, EVP and chief business officer of Mozido. "Our mission will be more quickly realized through MasterCard's global network, brand, and payment and security services."