Mastercard Wallet Pay Targets Interoperable Digital Wallet Payments
Mastercard Wallet Pay aims to improve digital wallet interoperability across NFC, QR, and online payments, helping wallet providers offer their own card programs and enabling merchants to accept wallet and card payments in person and online. The company says more than 3.7 billion Mastercard credentials can connect to digital wallets, and it cites U.S. checkout gaps leading to cart abandonment.