MasterPass digital payment platform launches in Italy

19 decembrie 2013

BNP Paribas Group bank BNL is the first Italian bank to pilot with employees and a group of selected clients in the run up to the commercial launch of the MasterPass service for all the bank’s clients early in 2014. Other major Italian banks are now working to implement the digital payment platform, including Banca Generali, BPM, Findomestic and Intesa Sanpaolo. Acquirer CartaSi, Deusche Bank and Setefi have subscribed to the service and will complete the activation to their business clients over the coming months.

MasterPass™, MasterCard’s new digital payment platform is debuting in Italy, offering consumers, by the end of the first quarter 2014, an easier, quicker, and more secure way to shop online. In the meantime, this year it has been possible to use MasterPass to make donations to the Telethon charity project.

Mediaworld, Trenitalia and Vodafone are the first major brands that have already enrolled for MasterPass and will shortly be joined by Esselunga. 3,500 more retailers are also active through Banca Sella, the first acquirer bank to offer the MasterPass service to all its online clients.

With a population of 14 million online buyers, and purchases using mobile devices (smartphones or tablets) up by 255% in 2013 to EUR 510 million, the Italian market is experiencing steady e-Commerce and importantly m-Commerce growth which makes it ripe for an innovation like MasterPass.

With MasterPass, consumers, don’t have to enter their card and shipping details each time they make a purchase from an online retailer, which is particularly important in the growing area of purchases made from smartphones and tablets. Consumers can simply click on the “Buy with MasterPass” button and enter their username and password to complete payment for a purchase. MasterPass optimizes the mobile check out experience making the small screens easier to navigate and offers the same benefits for online purchases made from PCs and tablets too.

MasterPass is a global standard that allows Italian consumers to make electronic payments and for retailers the ability to offer the benefits of this new payment system to international customers. MasterPass is also addressing the market demand for a quick, simple, and secure online digital payment experience. As shown by a Doxa survey carried out on behalf of MasterCard in Italy, consumers ask primarily for more ease of use (80%), more speed (66%), more security (66%) and, last but not least, a more rewarding “emotional” experience.

“MasterPass demonstrates MasterCard’s commitment to the development of electronic payments in Italy too,” says Paolo Battiston, Country Manager, MasterCard Italy. “The leading market players have clearly understood its benefits and opportunities and are working actively with us to launch this service.”

Adauga comentariu

Cifra/Declaratia zilei

Nic Marius Balaceanu – Founder & CEO Lendrise

„For more than a week now, ScoreRise enrolls daily hundreds of users through an innovative facial recognition interface. Enrollment takes less than a minute and it does not require presence of a human operator or video recording. And, of course, it stays fully GDPR compliant with help from Reff & Associates and Deloitte Romania.”

Romania este ultima tara membra UE care nu a transpus in legislatia romaneasca Directiva europeana revizuita a serviciilor de plata (PSD2). Cand credeti ca se va intampla totusi acest lucru?
41 votes · 41 answers