Mastercard has launched Wallet Pay to seamlessly connect digital wallets across contactless, QR, and online payment channels, according to the source.
Global Digital Wallet Growth and Adoption
Alipay+ partner wallets—including AlipayHK, Clip, GCash, KakaoPay, TNG eWallet, and TrueMoney—are among the initial platforms utilizing the new service.
Did you know? Alipay+ currently connects more than 50 e-wallets and banking apps alongside over 10 national payment schemes, helping its partners connect to Mastercard Wallet Pay.
Expanding Merchant Reach and Cross-Border Capabilities
Participating providers gain access to hundreds of millions of acceptance locations and digital access points worldwide through the Mastercard network. Additional participating providers include Axian, CRED, DaviPlata, Mercado Pago, MTN, and TenPay Global.
“As wallet ecosystems mature, the challenge is extending their reach across more merchants, use cases and borders,” said Joyce Bo, Executive Vice President of Core Payments for Asia Pacific at Mastercard. “Mastercard Wallet Pay helps wallet providers expand what they can offer, from cross-border payments to card issuing, without having to build all of that connectivity themselves.”
Core Features of the Mastercard Portfolio
The underlying portfolio supports transfers between cards, wallets, and bank accounts across more than 200 countries and territories in 150 currencies. Providers can also use it to launch credit, debit, or prepaid card programmes.
Frequently Asked Questions
What is Mastercard Wallet Pay?
Mastercard Wallet Pay is a payments infrastructure designed to connect digital wallets across contactless, QR, and online payment channels worldwide.
Which digital wallets are currently using Wallet Pay?
Initial participating wallets include Alipay+ partner wallets such as AlipayHK, Clip, GCash, KakaoPay, TNG eWallet, and TrueMoney, alongside providers like Axian, CRED, DaviPlata, Mercado Pago, MTN, and TenPay Global.
How many countries does the payment portfolio support?
According to Mastercard, the supporting portfolio covers transfers across more than 200 countries and territories in 150 currencies.
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