Mung-Ki Woo to Lead Global Mobile Team at MasterCard Worldwide

Purchase, NY, January 24, 2011 – "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," said Ed McLaughlin, Chief Emerging Payments Officer, 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."

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, which at the end of 2010 was commercially available in several African countries. He was also responsible for commercial deployment of Orange’s mobile contactless services in their major European markets. Previously, he was Chief Technical Officer of a French interbank organization specialized in electronic money systems.

Woo is a graduate of Ecole Polytechnique and Ecole Nationale Supérieure des Télécommunications. He will be headquartered in Purchase, New York.