This digital payment service can be used by scanning quick response codes for authentication. The MasterPass QR code has launched in Nigeria, making it one of MasterCard’s latest additions to the mobile payments market. This option supports person-to-merchant payment transactions. The goal is to make it possible for millions of medium, small and even micro enterprises to accept digital payments. The MasterCard mobile payments QR codes arrived through a partnership with Ecobank Group. Together the bank and the credit card giant launched an Ecobank MasterPass QR code based mobile payments…
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“Selfie Pay” mobile payments to roll out from MasterCard
A new form of verification is going to be launched in order to help to ensure transactions are secure. MasterCard has now revealed that it will be using its investments into facial recognition tech as a part of its mobile payments verification systems in order to help to make smartphone based transactions more secure. The goal is to decrease the risk of falsely declined transactions while boosting security when using mobile wallets. Trials of this mobile payments verification version using “Selfie Pay” have already been conducted in the Netherlands and…
Read MoreMasterCard to launch new mobile commerce platform in UAE
New platform to be released in the United Arab Emirates later this year MasterCard is preparing to increase its mobile commerce efforts in the United Arab Emirates. The country has become a very prominent mobile market, with smartphone penetration rising rapidly. As mobile devices begin to play a more significant role in the lives of consumers throughout the country, they are looking for services that allow them to shop online directly from these devices. MasterCard is set to launch a new mobile wallet that may be able to accommodate the…
Read MoreMobile payments strategies are getting fierce
Google Wallet has just played a very important next move in its battle against rival Isis. The latest version of Android, KitKat, brought with it a new feature called Host Card Emulation (HCE), in the hopes of giving its Google Wallet a serious shot in the arm through the use of NFC technology. Now, that effort looks as though it might have been a very promising strategy as it has gained massive credit card provider support. Both Visa and MasterCard have now declared that they will be supporting HCE so…
Read MoreCanadian mobile payments could form a cashless society
This prediction about the country’s transaction systems has been made by MasterCard. When it comes to cash, it is becoming increasingly rare to see in the average wallet in Canada, not because consumers don’t have any money, but because these consumers are relying more heavily on cashless transactions, such as debit and credit cards, as well as Canadian mobile payments. Residents of the country have been adopting transactions with their smartphones quite rapidly. When compared to their counterparts in similar economies, Canadian mobile payments have been taking off quite quickly…
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