The FINANCIAL — With online and mobile purchases soaring, MasterCard on January 4 announced that Walmart will accept MasterPass in 2016 across its domestic online properties. MasterPass by MasterCard is a digital payments platform that enhances the online and mobile checkout process.
MasterPass is a simple, convenient, trusted digital platform that provides a fast, safe shopping experience at thousands of online merchants. It enables consumers to pay for the things they want with the security they demand, online or mobile, using any device. The platform securely stores payment and shipping information, which is readily accessible when a consumer checks out using the, “Buy with MasterPass” button and logs into their account.
“We have enjoyed a longstanding business relationship with Walmart and are pleased to expand this into the online and mobile channels through MasterPass,” said Michael Cyr, group executive, U.S. Market Development, MasterCard. “With MasterPass, consumers can go online, place their order and pay with just a click. The burden of entering delivery and billing information is eliminated, further enhancing the Walmart online customer experience.”
With mobile making the fast transition from a browsing application to an important sales channel for retailers, MasterPass helps deliver the best possible customer experience across whichever channel customers choose, according to MasterCard.
U.S. consumers can set up a MasterPass account by visiting the MasterPass website or by signing up with a participating bank. Launched in 2013, MasterPass by MasterCard is free, easy to set up, and available anywhere you see the “Buy with MasterPass” button. It is currently available in 24 countries and is accepted at 250,000 merchants globally.