At the recently held 45th Skoch Summit, the global payment solutions provider showcased some of its innovative technology solutions for building a sustainable payment ecosystem towards the govt’s smart city initiative, and said that it is keen to partner with the Indian government for the Smart Cities vision.
Some of its key technologies include:
Masterpass (with any bank wallet app): An omni-channel, all-digital payment service for consumers, issuers and merchants from Mastercard. It makes life easier for the consumers, allowing them to use their mobile banking app and purchase items at physical stores using a merchant specific QR-code.
Mastercab: an in-app checkout service to book and pay for cabs, enabled by Masterpass.
Identity Check “Selfie Pay”: This new and unique mobile payment verification service from Mastercard aims to simplify the online shopping experience for consumers. All consumers need to do is use the phone camera to click a selfie as part of a two-step authentication process when shopping on the mobile.
Retail location insight: A unique tool that offers reliable insights into the sales-based performance of a retail location with mapping and reporting functionalities. Powered by MasterCard Retail Location Scores, the tool uses a fact-based approach unique to the industry, leveraging anonymous and aggregated transaction data from more than two billion cards.