📱Mastercard launches Pay Local service to expand card payments

📱Mastercard launches Pay Local service to expand card payments

Mastercard's new solution aims to cater to consumers who use local digital wallets, eliminating the need for creating or reloading prepaid accounts.

▶️ What’s new❓ — The service integrates Mastercard with major digital wallet providers such as Alipay and Weixin Pay in mainland China🇨🇳, and Octopus in Hong Kong🇭🇰.

▶️ Where will it be available? ❓ — The initial rollout will take place in the Asia-Pacific region through partnerships with digital wallets such as DANA in Indonesia 🇮🇩, Touch 'n Go in Malaysia 🇲🇾, Bakong in Cambodia 🇰🇭, and LankaPay in Sri Lanka 🇱🇰.

▶️ These partnerships will enable credit and debit cardholders to connect with a network of 35 million merchants.

▶️ Beyond Asia, Pay Local is set to launch in other regions where digital wallets are widely used, including Latin America, Eastern Europe, the Middle East, and #Africa.

#news #Asia #China

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