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Verizon Business, Mastercard to bring 5G to payments industry

Tuesday 13 July 2021 15:20 CET | News

Verizon Business and Mastercard have partnered to drive transformational solutions for the global payments and commerce ecosystem. 

From contactless shopping and autonomous checkout technology to Cloud Point of Sale (POS) solutions, Mastercard and Verizon Business will collaborate to deliver scalable innovations that drive the industry forward and create new experiences for consumers and businesses alike. Verizon and Mastercard will work closely to unlock Internet of Things (IoT) sensor connectivity with near real-time edge computing to power the fintech, payments, and banking industries, in addition to working to arm SMBs with hyper-automated and immersive commerce experiences. 

At Mastercard’s New York City Tech Hub, located in the Flatiron District, Mastercard and Verizon will test and embed 5G to accelerate the pace of innovation and collaboration. Together, Mastercard and Verizon plan to explore 5G and Mobile Edge Computing technology and use cases, while also enhancing the overall experience for Mastercard employees.


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Keywords: partnership, Mastercard, mobile payments, IOT
Categories: Payments & Commerce
Companies:
Countries: United States
This article is part of category

Payments & Commerce