MasterCard Appoints New Head of Mobile Payments

MasterCard Worldwide has appointed Mung-Ki Woo to the position of Group Executive of Mobile. Woo will be responsible for commercializing and developing mobile payments for MasterCard around the world. Most recently, Woo was VP of Electronic Payments & Transactions at France Telecom, where he led the “Orange Money” mobile payment program, which was commercially available in several African countries, and deployed Orange’s mobile contactless payment services in Europe. Before that, he was CTO of a French interbank organization that specialized in electronic money systems.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus