New Mastercard Service Connects Billions of Users with Merchants Globally
Mastercard has launched Pay Local, a service designed to connect its 2 billion cardholders to local digital wallets, enhancing payment flexibility for both consumers and businesses.
The service enables users to link their credit or debit cards directly to digital wallets, eliminating the need for prepaid accounts. Pay Local expands Mastercard’s partnerships with wallet providers like Alipay and Octopus, offering seamless payment solutions for international travelers and local businesses.
Targeting regions with high digital wallet usage, such as Asia-Pacific, Latin America, and Africa, Pay Local aims to increase financial inclusion and improve global payment experiences, benefiting over 35 million merchants worldwide.
Clever Robot News Desk 9th November 2024
