Mezu is teaming up with Mastercard to release a digital debit card that will allow Mezu users to make purchases anywhere Mastercard is accepted. Mezu is a mobile payments app that does not share any personal information or transaction history with third parties and leverages biometric authentication for added security.
The partnership with Mastercard will drastically increase the utility of the platform, extending Mezu’s reach to a much wider variety of locations. The bank accounts attached to the new MezuCards will be issued by the Community Federal Savings Bank, while the card itself can be activated directly through the Mezu app.
Mezu is currently available for iOS and Android devices. The company is also offering support for Apple, Google, and Samsung Pay to provide users with even more versatility.
“By launching a digital-only debit card, we’re making good on our commitment to provide the most payment options on the most private payment platform available today,” said Mezu Co-Founder, President, and CEO Yuval Brisker. “With the MezuCard launch, it’s never been easier to make payments anywhere in the world, easily, securely and privately.”
“Our joint goal is to provide consumers with frictionless convenience, no matter where they are in the world,” added Mastercard Executive VP Sherri Haymond.
The partnership is obviously a major coup for Mezu, which gains immediate access to a massive global payments market. For Mastercard, the move is in keeping with a recent emphasis on digital privacy. The company has been working with Samsung to create device-based digital IDs, and published a white paper that advocates for a pro-consumer definition of digital identity.