Mastercard launches Wallet Pay to scale digital wallets worldwide

 
Digital wallets have rapidly evolved into robust, multi-service platforms, now serving over 4.3 billion users worldwide. 

With global usage set to top 6 billion by 2030, Mastercard is introducing Mastercard Wallet Pay, a global portfolio of solutions designed to foster interoperability and innovation for digital wallets across contactless (NFC), QR codes and online digital payments, says a press release. 

Harnessing the industry’s most advanced capabilities, Mastercard Wallet Pay solutions empower wallet providers to deliver frictionless experiences �" from everyday spending to cross-border transfers �" meeting the demands of a rapidly expanding digital economy. 

Through collaborations with leading digital payment service providers including Alipay+�"the global wallet gateway of Ant International that supports its partner wallets such as Alipay HK, Clip, GCash, KakaoPay, TNG eWallet and True Money �" together with Axian, CRED, DaviPlata ,Mercado Pago, MTN and TenPay Global, Mastercard Wallet Pay expands access to essential financial tools and enables acceptance at hundreds of millions of acceptance locations and digital access points worldwide, ensuring that people everywhere can participate in the digital economy.