Mastercard partners Samsung to deliver pay-on-demand tech

Tuesday 17 March 2020 14:06 CET | News

Mastercard and Samsung have partnered to deliver pay-on-demand technology and enable secure payments to consumers and smaller businesses.

The solution runs on a pay-as-you-go model, enabling consumers to have virtual card numbers which they can use to pay for their device and perform transactions from any place that accepts Mastercard. Consumers can analyse and build their credit history from usage data.

This partnership also provides a common platform for lenders, allowing consumers to have access to affordable device financing. The security and integrity of the customer data and transaction are ensured by Samsung’s embedded Knox security platform.

Additionally, the platform brings together equipment manufacturers, financial institutions, and telcos to solve issues that have limited device financing in the emerging markets.

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Keywords: MasterCard, Samsung, pay-on-demand, secure payments, partnership, emerging markets, transactions , SME, Knox security platform, equipment manufacturers, financial institutions, telcos
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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