MasterCard has introduced its MasterPass program that allows Android users to pay in bricks-and-mortar locations using contact-less payment terminals. This launch has further developed the MasterPass payment service since it began in 2013. Consumers and retailers alike are moving towards becoming truly ‘omnichannel’ with payments being made, online, in mobile apps and now in physical retail. According to MasterCard, there are more than five million merchants in 77 countries that accept contact-less payments. MasterPass is a free digital wallet service that is designed to make online shopping safer and easier by storing all of your payment and shipping information in one convenient, central location. It is not limited to those who have MasterCard but also open to Visa and American Express cardholders. The service is currently available in the USA. Currently available overseas, but the technology should hit New Zealand shores soon.
GETTING CLOSE TO DIGITAL WALLETS
