Mastercard Enables Microsoft Wallet, Android Pay and Samsung Pay Users to Shop Online Wherever Masterpass is Accepted
October 24 2016 - 12:00PM
Business Wire
Integration of Masterpass with Digital Wallets
Strengthens Mastercard Vision to Support All Forms of Secure
Digital Commerce for Cardholders
Mastercard today announced agreements with Microsoft, Google and
Samsung to bring online payments capabilities to U.S.-based users
of their digital wallets. Starting early next year, Mastercard
cardholders that use Microsoft Wallet, Android Pay or Samsung Pay
will be able to shop online at the hundreds of thousands of
merchants around the world where Masterpass is accepted.
Announced earlier this year, the enhanced Masterpass solution
uniquely empowers banks and other partners to deliver a branded and
customized all-digital payment solution. With Masterpass, consumers
are able to make fast, simple and secure digital payments – across
devices and channels – anywhere they want to shop: online, in-app
and in-store using contactless. To speed up and simplify the online
checkout process, consumers’ credit, debit and prepaid card
information, along with shipping addresses, are all securely stored
in one place. Consumers then complete a purchase with as a little
as one click or touch on their favorite connected device.
The speed and simplicity of online checkout with Masterpass will
now be extended to the millions of consumers who currently use
Microsoft Wallet, Android Pay or Samsung Pay. Consumers using those
wallets will be able to use their same secure tokenized credentials
and device authentication methods to complete online transactions
at any merchant site that accepts Masterpass. The optimized
checkout process creates a seamless shopping experience, protected
by multi-layers of security.
“We’re excited to bring Masterpass to Microsoft Wallet users,”
said Eric Lockard, Corporate Vice President at Microsoft.
“Masterpass provides an additional payment option for our customers
who look to the Microsoft Wallet to conveniently checkout at their
favorite online shopping sites.”
“With this partnership, Android Pay and Masterpass will deliver
a seamless purchase experience at thousands of merchants that
support Masterpass,” said Pali Bhat, Global Head of Payments
Products for Google. “We’re excited to extend the reach of Android
Pay by giving online shoppers even more ways to use Android Pay
across the web.”
“We are thrilled to be working with Mastercard to bring online
payments to the masses and make the online shopping experience as
convenient and seamless as possible,” said Thomas Ko, VP and Global
GM, Samsung Pay, Mobile Communications at Samsung Electronics.
“Through our partnership, our users will be able to simply and
securely make payments across their devices and enjoy a variety of
benefits all through Samsung Pay.”
The integration of Masterpass with digital wallets delivers
benefits for the entire payments ecosystem including consumers,
banks and merchants. Consumers retain choice in their use of
wallets and digital payments services, while gaining access to
hundreds of thousands of Masterpass merchants for a secure and
simplified online checkout experience. For the hundreds of banks
who already participate in these digital wallets, they will now be
able to offer expanded acceptance via Masterpass to their
consumers. Merchants, who can easily integrate Masterpass into
their websites and mobile apps via the Masterpass API, now have an
opportunity to reach the millions of consumers currently using
Microsoft Wallet, Android Pay or Samsung Pay – without additional
development work.
“The integration of Masterpass with multiple digital wallets
demonstrates that Mastercard is committed to scaling the digital
commerce opportunity in a way that promotes interoperability,” said
Jordan McKee, Senior Analyst at 451 Research. “This is an important
step in the continued evolution of Masterpass that serves to expand
its value to merchants, issuers and cardholders alike.”
Masterpass is currently available in 33 markets, with planned
expansion to 35 by the end of 2016. Masterpass online acceptance
for consumers using Microsoft Wallet, Android Pay or Samsung Pay
will begin to rollout in early 2017.
“Mastercard is working to ensure that every one of our accounts
is as digital as the people using them,” said Garry Lyons, Chief
Innovation Officer at Mastercard. “Enabling our cardholders to use
digital wallets to shop online via Masterpass is the latest example
of our work – alongside our banks, merchants and digital partners –
to deliver rich, innovative, compelling and secure ways to pay and
get paid across all channels and devices, redefining commerce
globally.”
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on Twitter
@MastercardNews, join the discussion on the Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
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Mastercard Communications ContactBrian Gendron, +1 914
325 1799Brian.Gendron@mastercard.com
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