“Android Pay users will soon be able to pay on hundreds of thousands of new sites […] using their preferred device authentication method – like fingerprint recognition.”
Google announced today that it has entered into strategic partnerships with Visa and Mastercard to expand the Android Pay mPayment platform across the mobile web.
In early 2017, Android Pay users will be able to link their Mastercard Masterpass or Visa Checkout accounts to their mobile wallet, enabling easy and secure mPayments at the many online stores that already support the nextgen payment methods in question.
Writing in a post announcing the team-up on The Keyword (Google’s official blog), Google’s global head of payment product’s Pali Bhat explained, “Android Pay users will soon be able to pay on hundreds of thousands of new sites where Visa Checkout or Masterpass are accepted using their preferred device authentication method – like fingerprint recognition.”
According to Bhat, the compatibility with Masterpass and Visa Checkout will expand to retail point of sale too, with users who have linked their accounts to Android Pay able to make secure and convenient contactless payments in physical stores.
According to separate statements released by Visa and Mastercard respectively, the Android Pay integration comes are part of a broader opening up of their platforms. Masterpass specifically has also been integrated into Microsoft Wallet and Samsung Pay. As with Android Pay, the Microsoft and Samsung integrations will roll out early next year, too.
“Mastercard is working to ensure that every one of our accounts is as digital as the people using them,” said Garry Lyons, Chief Innovation Officer at Mastercard. “Enabling our cardholders to use digital wallets to shop online via Masterpass is the latest example of our work – alongside our banks, merchants and digital partners – to deliver rich, innovative, compelling and secure ways to pay and get paid across all channels and devices, redefining commerce globally.”
Visa and Mastercard are each participating in this week’s Money20/20 conference, taking place in Las Vegas. At the show, both financial services giants are participating in panel discussions concerning the role of biometrics in commerce.
October 24, 2016 – by Peter B. Counter