MasterCard has announced that ten UK payment service providers have committed to PayPass Online by MasterCard, part of PayPass Wallet Services, dramatically increasing the number of UK merchants able to accept wallet payments online and on mobile.
The service providers CQR, CreditCall, DataCash, MoPowered, Optimal Payments, Pensio, Sage Pay, SecureTrading, The Logic Group,and WorldPay have agreed to integrate with the scheme, which enables more online and multi-channel retailers to have the tools available in order to capitalise on the growing online and mobile commerce market. This market is predicted to make up approximately 45% of UK retailers’ total revenue by 2014.
“With an ever increasing number of transactions being made online, merchants need to cater to changing consumer lifestyles and expectations. They need to offer shoppers peace of mind that their personal details are safe, offer a wider choice of payment options and quicker transaction times, which can ultimately translate into increased customer satisfaction and an uplift in sales,” comments Marion King, president UK & Ireland, MasterCard.
The service allows merchants to accept electronic payments across multiple channels, whether the purchase is made online using a computer, tablet or
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