Masterpass continues to expand globally reaching into the far corners of the world.
Masterpass empowers issuing partners to deliver a bank-branded, all-digital payment solution. More than 80 million accounts have been automatically enabled through issuing partners as the service rolls out globally. The enhanced digital payment functionality helps issuers differentiate existing products, including mobile banking apps, by integrating digital payment functionality and new services like purchase alerts and paying with points.
At the Facebook Developer Conference, Mastercard announced Masterpass-enabled bots to drive more seamless shopping on Facebook Messenger with FreshDirect, Subway and The Cheesecake Factory.
The bots leverage artificial intelligence (AI) technologies to enable consumers to interact with the merchant brands, build their order and securely checkout via Masterpass, all without leaving the Messenger platform.
Mastercard and PayRange provide consumers additional choices at vending machines across 300 cities in the U.S. and Canada. Through a partnership with PayRange, maker of the world’s simplest mobile payment solution for machines, consumers can buy beverages and snacks with Masterpass at vending machines across 300 cities in the U.S.
Merchant service provider, Kopo Kopo, recently formed partnership with Mastercard to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years.
Bank acquirers in partnership with Kopo Kopo, in the various markets, will enable previously excluded merchants to be financially included as part of the rollout.
Merchants in Kenya will be the first to benefit from the partnership, with thousands of Kopo Kopo MSMEs gearing up to go live with the solution. Kopo Kopo will offer the service in partnership with Diamond Trust Bank (DTB) as part of its acquiring strategy in the country.
Postepay App has integrated Masterpass, Mastercard’s global digital platform for online payments that eliminates the need to enter detailed payment and shipping information with every purchase. Masterpass is now integrated in the new Postepay App, which had more than 4 million downloads and allows payments of postal transfers, charge phone cards, money transfers and P2P transactions by smartphones.
VEON has added Masterpass to their new platform. As an international communications and technology company offering voice, fixed broadband, data and digital services to more than 235 million customers in 12 markets.