Mastercard and PrestaShop Unleash Click to Pay for Online Shopping

Monday, 29/04/2024 | 14:14 GMT by Tareq Sikder
  • Click to Pay optimizes transactions by storing payment information in a single profile.
  • The service will initially be available to merchants in France, Spain, Italy, and the UK.
Mastercard

PrestaShop, a provider of e-commerce solutions, has partnered with Mastercard to introduce Click to Pay, a payment solution aimed at streamlining the online payment experience for consumers across Europe amidst the rapid digitalization of financial services.

Transaction Efficiency while Ensuring Security and Accessibility

Click to Pay offers consumers a payment process, eliminating the need for manual entry of card details or password retrieval. By securely centralizing payment information in a single profile, it facilitates the convenient management of payment methods.

Adhering to EMVCo standards and supported by major bank card networks, Click to Pay prioritizes international interoperability and the secure acceptance of payments . Its implementation reduces cart abandonment rates, thereby optimizing user experience. It increases transaction security through the utilization of tokenization.

“With Click to Pay, we are delivering a tangible response to consumer and merchant demands for faster and safer transactions. This technology represents a significant step forward in the future of digital payments, where efficiency and security go hand in hand,” said Valerie Nowak, the Executive Vice President of Product and Innovation at Mastercard Europe.

Tokenization: Integral Aspect of Click to Pay Payment Solution

Eric Senechal, Managing Director, PrestaShop, Source: LinkedIn

Tokenization , a key feature of Click to Pay, transforms sensitive card details into non-sensitive tokens, ensuring the protection of personal information during transactions.

Initially available to merchants in France, Spain, Italy, and the United Kingdom utilizing the PrestaShop platform, Click to Pay integration will progressively extend to additional European and international markets, enhancing the accessibility and utility of this innovative payment solution.

“We are proud to enable our merchants to benefit from Click to Pay, a technology that represents the future of online transactions. Our partnership with Mastercard reflects our joint commitment to innovate and continually enhance the experience for both merchants and consumers,” added Eric Senechal, the Managing Director at PrestaShop.

PrestaShop, a provider of e-commerce solutions, has partnered with Mastercard to introduce Click to Pay, a payment solution aimed at streamlining the online payment experience for consumers across Europe amidst the rapid digitalization of financial services.

Transaction Efficiency while Ensuring Security and Accessibility

Click to Pay offers consumers a payment process, eliminating the need for manual entry of card details or password retrieval. By securely centralizing payment information in a single profile, it facilitates the convenient management of payment methods.

Adhering to EMVCo standards and supported by major bank card networks, Click to Pay prioritizes international interoperability and the secure acceptance of payments . Its implementation reduces cart abandonment rates, thereby optimizing user experience. It increases transaction security through the utilization of tokenization.

“With Click to Pay, we are delivering a tangible response to consumer and merchant demands for faster and safer transactions. This technology represents a significant step forward in the future of digital payments, where efficiency and security go hand in hand,” said Valerie Nowak, the Executive Vice President of Product and Innovation at Mastercard Europe.

Tokenization: Integral Aspect of Click to Pay Payment Solution

Eric Senechal, Managing Director, PrestaShop, Source: LinkedIn

Tokenization , a key feature of Click to Pay, transforms sensitive card details into non-sensitive tokens, ensuring the protection of personal information during transactions.

Initially available to merchants in France, Spain, Italy, and the United Kingdom utilizing the PrestaShop platform, Click to Pay integration will progressively extend to additional European and international markets, enhancing the accessibility and utility of this innovative payment solution.

“We are proud to enable our merchants to benefit from Click to Pay, a technology that represents the future of online transactions. Our partnership with Mastercard reflects our joint commitment to innovate and continually enhance the experience for both merchants and consumers,” added Eric Senechal, the Managing Director at PrestaShop.

About the Author: Tareq Sikder
Tareq Sikder
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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