MasterCard announced MasterPass

POSTED BY on Feb 26 under QR Codes

It looks like Visa is not the only credit card company to make an announcement during the MWC, as MasterCard has also revealed some mobile payments news.

MasterCard is revealing its MasterPass mobile payments service which allows users to scan barcodes of products they want to buy. MasterPass is not a standalone app, instead its a functionality that retailers could build into their apps.

The MasterPass is not only scanning barcodes, it recognized NFC tags and QR Codes. It can also input debit cards, gift cards and additional methods of store credits within the app.

With the new MasterPass service, MasterCard cardholders will be able to walk into a store, launch the retailers app, buy the products they want and show a proof of the purchase on their way out – no need to wait in long queue.



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