MasterCard’s e-wallet is to be offered by the merchants of 16 Australian payment provider’s, to all their consumers.
According to MasterCard‘s press release, its fledgling deals with processors like eWay, Merchant Warrior, Paycorp and 13 others, to offer MasterPass as a payment service to e-merchants, has created much excitement for the credit card company as it marks an increasing presence in Australia and is thought to be “the first wave of many to come onboard,” by Head of Market Development and Innovation for Australasia, Matt Barr.
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The MasterPass wallet is designed to reduce the number of abandoned purchases and to speed up and secure the payment process for customers, by providing direct access to all payment, loyalty and shipping information.
In yesterday’s news, Payment Magnates published an article about Australia’s e-commerce growth, revealing very promising predictions for the country’s online retail market. 39% growth is expected from $18 billion in 2013 to $25 billion in 2015, which indicates good timing for MasterCard and all e-commerce players in Australia who can expect online success in the future.