Mastercard to Transform Online Shopping by 2030

Author

Slice of Finance Team
20 Nov

Key Highlights:

  • Biometric authentication will replace passwords and codes for online purchases.

  • Tokenized transactions reduce fraud and enhance security.

  • New technologies like Click to Pay are driving global adoption, ensuring faster, safer checkouts.

Source: Business Wire

Notable Quotes:

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“As payments continue to be embedded across a range of commerce experiences, we’re leading the way to a global economy that empowers everyone.”

Jorn Lambert, Chief Product Officer at Mastercard
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“Consumers in Latin America and the Caribbean are turning to digital solutions... increasing trust in digital payments.”

Silvana Hernandez, EVP, Core Payments at Mastercard Latin America and the Caribbean

Our Take:

Mastercard’s commitment to enhancing online shopping by 2030 reflects the growing demand for secure, user-friendly digital payment experiences. By leveraging advanced technologies such as tokenization and biometrics, Mastercard not only addresses prevalent issues like fraud but also reshapes the customer experience. These innovations, combined with global partnerships, demonstrate how the company continues to lead in redefining the future of payments. The emphasis on localized deployment, particularly in regions like Latin America, highlights their inclusive approach to driving financial empowerment globally.