MasterCard Announces Masterpass

In a big step forward from Paypass, Mastercard will be launching Masterpass, a new payments system that creates a unified digital wallet. Masterpass brings together various forms of payments from NFC to QR into a single account across credit cards and merchants. The solution streamlines online checkout as well without the need to enter details before purchasing so it’s not surprising Mastercard already has plenty of leading merchants and banks onboard for their Australia launch.