Mastercard Launches Pay Local
Hey Payment Fanatic!
Ahead of the highly anticipated Singapore FinTech Festival, Mastercard has just unveiled Mastercard Pay Local. This new service bridges the gap between cardholders and digital wallet payments, simplifying cross-border spending.
With Mastercard Pay Local, consumers—whether local residents or globe-trotting travelers—can link their credit or debit cards directly to local digital wallets and shop at participating merchants without the hassle of setting up or preloading prepaid accounts.
Leading wallets across Asia Pacific, including DANA in Indonesia, Touch ‘n Go in Malaysia, Bakong in Cambodia, and LankaPay in Sri Lanka, are pioneering this service, expanding reach to over 35 million merchants in the region.
Mastercard’s latest offering comes with a powerful promise: seamless integration that benefits everyone. As Sandeep Malhotra, Executive Vice President of Products & Innovation at Mastercard Asia Pacific, put it, “With Pay Local, Mastercard is extending its global network to partner wallets and expanding acceptance... This creates a low-cost, simple, stable, and secure connection between over 35 million merchants in Asia Pacific and two billion Mastercard cardholders.”
Not just Asia Pacific—this innovation resonates beyond, reaching regions like Latin America, Eastern Europe, and the Middle East. The impact? MSMEs gain broader market access, tourists pay as they do at home, and digital wallet operators grow their user base with minimal friction.
If you’re interested in reading a bit about what’s been happening in Payments, keep scrolling!
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INSIGHTS
🇩🇪 The Payments Market Map Germany
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PAYMENTS NEWS
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GOLDEN NUGGET
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