MasterPass by MasterCard is a global payment service launched in 2013 as an extension of PayPass wallet services. Currently available in 33 countries-with three more joining by the end of 2016-MasterPass offers application programming interfaces (APIs) and software development kits (SDKs) that allow issuers to create their own digital payment solutions, while merchants can implement MasterPass to enable online or in-app checkouts.
With the introduction of an enhanced MasterPass in July 2016 that now allows the customers to pay in-store, MasterCard claims to become the first omni-channel all-digital payment service for issuers, merchants and consumers. The new version of MasterPass is currently available through seven issuers in the US, allowing customers to pay with MasterPass in more than 5 million retail locations in 77 countries that accept contactless payments.
MasterPass continues to expand new services in the US with plans to move to Europe, the Middle East and Africa by the end of 2016, followed by expansion into the rest of the world. MasterPass expects that more than 80 million accounts will be created automatically as the service expands globally.
The report provides information and insights into alternative payment solution MasterPass, including:
Detailed insight into its business and geographical presence
Comprehensive coverage of its products and services
Comparative assessment with key alternative payment competitors
Key issuing banks and partners
The company's important events and milestones
This report provides a comprehensive overview of alternative payment solution MasterPass, including its operations, history and geographical presence.
It provides an overview of products and services offered, and explanations on how they work.
It provides details of its revenue models.
Reasons To Buy
Gain insights into MasterPass business operations, geographical presence and key events.
Gain insights into its product portfolio and revenue model.
Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
MasterPass by MasterCard is a global payment service launched in 2013 as an extension of PayPass wallet services. Currently available in 33 countries-with three more joining by the end of 2016.
With the introduction of the new enhanced MasterPass in July 2016, customers are now able to use MasterPass in stores that accept contactless payments in 77 countries.
In July 2016, MasterCard acquired Vocalink, the UK-based payment systems company-one of the largest payment processors in Europe-to facilitate the expansion of the enhanced MasterPass in Europe.
Key Issuing Banks and Partners
How Does It Work?
Products and Services
Single User License:
Corporate User License:
MasterPass, Alternative payments, Online payments, Payment processing, QR Code, m-POS solution, NFC,
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