Mastercard has teamed up with leading mobile payment platform providers to help extend the reach of their payment systems, and its own. Starting “early next year,” according to a statement from the company, cardholders will be able to use Android Pay, Samsung Pay, Microsoft Wallet, and Capital One Wallet at any of the online merchants currently accepting Masterpass worldwide.
Masterpass is Mastercard’s revamped digital payment platform, aimed at enabling Mastercard payments across any and all digital payment channels – through a desktop, a mobile app, or even in stores via contactless payment. On its face, it’s payment system designed to rival any other digital payment platform, including the relatively new mPayment services; but Mastercard’s partnerships in this area suggest the financial services giant sees room for all to grow in the rapidly expanding digital payments market.
Meanwhile, Mastercard has also teamed up with major insurance company Allstate to offer digital payment claims through a new Allstate ExpressPay network service called QuickCard Pay. The system leverages the Mastercard Send platform to enable claims payments to “virtually all U.S. debit card accounts”, according to a statement. They don’t even need to be Mastercard debit cards, and the companies say that all that’s needed to enable such payments is a debit card and an email address.
It’s another sign that Mastercard is aggressively striving to become a central facilitator of digital payments of all kinds.