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More than 630,353 transactions were completed during this period, it said, a 40% increase on Black Friday last year.
The Finance Ministry said those banks would be "among the best capitalized in Europe" after the transactions were completed.
MasterCard alerted the Secret Service to the activity soon after the transactions were completed, said a law enforcement official, who declined to be identified discussing a continuing investigation.
All transactions were completed at the end of the experiment.
Mobile is increasingly important for the firm, which it noted, saying that in the final month of 2013, "nearly 50% of global transactions were completed on mobile devices".
Overall transactions were down from Q1 – around $51 million in transactions were completed, less than the $70 million traded in March alone at the end of Q1.
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The firm earns its fees once its transactions are completed.
In a recent study, Avendus estimated that seven million transactions are completed through mobile wallets across India each month.
Most of the time transactions are completed without issue and orders are fulfilled as promised.
Transactions are completed with a swipe and are followed by the buyer's signature.
Transactions are completed inside the app with one click on Minkasu's payment button.
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