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Mastercard launches CommBank Checkout


mastercard1Mastercard has launched its first bank-issued digital wallet service in Australia.

Powered by MasterPass, CommBank Checkout, allows customers shopping online to make purchase to thousands of MasterPass-enabled online retailers around the world, including more than 200 Australian retailers such as Event Cinemas, The Iconic, Ozsale, and Booktopia, with a simple click or touch of their tablet, desktop or mobile device.

“We know consumers prefer the comfort and convenience that dealing direct with their own bank gives them. Studies show the connection to your own financial provider is particularly important when it comes to embracing digital payments,” said Matt Barr, MasterCard’s head of market development and innovation.

“This partnership with Commonwealth Bank is a leap forward for payments in Australia. Harnessing the convenience and efficiency of the MasterPass service, CommBank customers will be able to pay for things whenever, wherever, with the convenience and peace of mind only the most innovative technology can provide.”

Since the launch of MasterPass in February, MasterCard has formed partnerships with 20 Australian technology partners including both major payment gateways and shopping carts.

“Commonwealth Bank’s focus is to offer our customers the latest technology and innovations that simplify payments regardless of the channel they’re transacting in,” said Angus Sullivan, executive GM cards, payments, analytics & retail strategy, Commonwealth Bank.

These e-commerce payment facilitators open the door for thousands of Australian retailers to access the MasterPass digital acceptance network.

Major merchants to commit to MasterPass include Bunnings, Sydney Opera House, Catch of the Day, The Iconic, CityBeach, Moshtix, Fishpond, Scoopon, Webjet, Zuji, JB Hi Fi, Buyinvite, Eat Now, Grocery Run, Mumgo, and Savvyappliances.


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