Mastercard launches Wallet Pay to connect digital wallets across global payments

  • Mastercard launched Wallet Pay, linking wallets with contactless, QR-code and online payments.
  • Wallet Pay spans more than 200 countries, 150 currencies and hundreds of millions of access points.
  • Initial participants include Alipay+ partner wallets, AXIAN, CRED, DaviPlata, Mercado Pago, MTN and TenPay Global.

Mastercard has launched Mastercard Wallet Pay, a global digital-wallet portfolio designed to improve interoperability among wallets, platforms and payment methods. The service supports contactless near-field communication (NFC), QR-code and online payments, while allowing wallet providers to introduce credit, debit or prepaid card programs and transfers between cards, wallets and accounts. Mastercard says digital-wallet users exceed 4.3 billion globally and are expected to surpass 6 billion by 2030. Wallet Pay operates across more than 200 countries and territories and 150 currencies, with access to hundreds of millions of acceptance and digital access points. Initial participants include Alipay+ partner wallets AlipayHK, Clip, GCash, KakaoPay, TNG eWallet and TrueMoney, alongside AXIAN, CRED, DaviPlata, Mercado Pago, MTN and TenPay Global. The launch builds on Mastercard’s wider digital-payments strategy, including stablecoin settlement and blockchain infrastructure.

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Mastercard launches Wallet Pay to connect digital wallets across global payments - CoinPost Terminal