Mastercard says it has reached agreements with Microsoft, Google and Samsung to bring online payments capabilities to US-based users of their digital wallets via Masterpass.
Announced earlier this year, the enhanced Masterpass solution 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.
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,” continued 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.”
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.