⚡️Mastercard Network Tokenizes Nearly Half of All Transactions in Europe

⚡️Mastercard Network Tokenizes Nearly Half of All Transactions in Europe

This achievement should be considered within the framework of the strategy announced last year, which aims to completely eliminate the manual entry of card data by 2030.

➡️Currently, Mastercard’s point-of-sale tokenization (SCOF) operates in 45 European countries. This initiative aims to reduce fraud and increase approval rates for both merchants and end users.

➡️The Click to Pay service is available in 26 European markets, and the number of participants has doubled in the past year.

➡️New technologies enable authentication via biometrics, such as fingerprints or facial recognition, eliminating the need for passwords.

➡️Over the past 12 months, several new partners have joined Mastercard’s ecosystem, including:

🔴Tokenization: Checkout.com, Delivery Hero (eFood, Foody, Foodora, and Glovo), Global Collect (Worldline), Monext, Santander.

🔴Click to Pay: Autopay, Consors Finanz BNP Paribas, Fiserv, ICA Banken, Lendable, Nickel, N26, Ogone (Worldline), PayU, SaferPay (Worldline), SIX, tPay.

🔴Payment passkeys: Dintero, Netopia, Solidgate.

➡️Fact: According to a
Mastercard survey, 54% of Europeans are annoyed when asked to create an account to make a purchase, and 82% feel frustrated by complicated processes.

#news #Europe

🏦 Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% by FTD