Mastercard strenghtens its global Digital First program across Asia Pacific

Thursday 22 April 2021 11:40 CET | News

Mastercard has announced it is strengthening its global Digital First program across Asia Pacific with a range of new partners to deliver more digital payment options.

Mastercard’s Digital First program improves the safety, security and convenience of ecommerce, online banking, and contactless transactions by providing the guidelines for payment processors, fintechs, issuing banks, and other partners to create end-to-end digital payment options at scale.

Backed by the Mastercard’s global network, the Digital First program gives consumers the choice of making payments with digital cards or directly from bank accounts by using smartphones, smartwatches, or any other digital device. It also provides new ways to receive payments including Mastercard’s QR on Card, which places a QR code on a consumer’s payment card to allow senders to scan and transfer funds to their account of choice.

For the Digital First program in Asia Pacific, Mastercard offers the benefits of its own Mastercard Processing platform and partners with payment processors and fintechs including Euronet Worldwide, Tutuka, HPS, Global Processing Services (GPS) and Episode Six, along with digital platform providers such as Thales, Verestro (uPaid), Nuclei, and Infosys.

The Digital First program enables people to apply online and receive card information almost immediately upon issuer approval. It gives cardholders access to their card information almost immediately so that they may begin making purchases online, within apps and in stores through digital wallet offerings, an optional physical card being also available.

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Keywords: Mastercard, transactions , digital payments, ecommerce, online banking, contactless payments, fintech, banks
Categories: Payments & Commerce | Payments General
Countries: Asia
This article is part of category

Payments & Commerce