MasterCard Worldwide has hired Mung-Ki Woo as its new ‘group executive, mobile’.
Woo is a well known figure in the NFC industry and joins MasterCard from France Telecom Orange Group, where he was vice president of electronic payments and transactions. At Orange, Woo was responsible for the mobile network operator’s extensive NFC projects in both France and abroad, as well as the Orange Money service which is now live in several African countries.
At MasterCard, Woo will have “global responsibility for innovation, commercialization and development of go-to-market strategies to support mobile payments around the world.” He will be based at the company’s headquarters in Purchase, NY.
“Mobile is a critically important strategic initiative for MasterCard and we are excited to have Mung-Ki join our team as we continue to deliver innovative mobile solutions to the global marketplace,” says Ed McLaughlin, chief emerging payments officer at MasterCard Worldwide. “Consumers are quickly growing more comfortable with using their mobile devices for search, shopping and payments. With extensive knowledge of the telecommunications landscape, Mung-Ki will enhance our global perspective and lead MasterCard’s future growth in mobile commerce.”