• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Mastercard and Samsung Boost Digital Inclusion with Pay on Demand Platform

March 16, 2020

Mastercard and Samsung Boost Digital Inclusion with Pay on Demand Platform

Mastercard has formed a global partnership with Samsung that will make the Pay on Demand platform more readily accessible to consumers and small businesses in emerging markets. The Pay on Demand platform allows consumers to gain access to devices on a pay-as-you-go basis, and is part of a broader effort to raise digital inclusion around the world.

“The Pay on Demand platform gives consumers an opportunity to participate in digital commerce,” said Mastercard Digital Solutions EVP Jorn Lambert. “By combining Samsung’s device management and security expertise with Mastercard’s technology, we are creating an ecosystem that can deliver measurable, positive impact to the communities we serve.”

To that end, the Pay on Demand program connects financial institutions with telecoms and equipment manufacturers to foster a more accessible digital environment. For example, lenders ensure that consumers have enough financing to gain access to digital devices at an affordable rate, while the platform itself offers analytic tools to help consumers build their credit history. Those consumers can also gain access to virtual card numbers to pay for devices or make purchases at any facility that accepts Mastercard payments.

Samsung, meanwhile, will safeguard any financial transactions with its embedded Knox security platform. The Samsung Knox team will launch the Pay on Demand platform in the Middle East and Africa in early 2020, before expanding to other regions later in the year.

“This partnership is our way of making that future available to everyone by helping to close the digital divide, especially in emerging economies and countries,” said Samsung Global Mobile B2B EVP KC Choi.

The Pay on Demand platform was developed at Mastercard Labs, while Mastercard itself recently made a strategic investment in Trust Stamp. Meanwhile, Samsung has been using the Knox platform to secure its various mobile offerings, including the new Galaxy XCover Pro and  Galaxy S10 Lite smartphones.

Filed Under: Industry News Tagged With: FinTech, MasterCard, Mastercard Labs, mobile devices, mobile tech, Pay on Demand, payment models, Samsung, Samsung Knox, strategic partnerships

Related News & Articles

Daon Delivers Selfie Onboarding for Philippines’ GoTyme

Facebook Secures Messenger App with iPhone Biometrics

Cerence Inks $125M Contract with European Car Manufacturer

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion
  • ‘All Partners Remain Committed’ to Digital Travel ID Project: Transport Canada
  • North Carolina DMV Seeks Political Support for MDL

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld