Payments Prediction: Your Face is the Future
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The COVID-19 pandemic has pushed e-commerce technology ahead by two years and driven a revolution in how people pay for things. According to the Mastercard New Payments Index, 94 percent of consumers in the Asia Pacific region say they’ll consider using at least one emerging payment technology in the next year.
Mastercard's Ari Sarker joins executives from Airwallex, Klarna and PayPal to discuss the massive shift toward digital payments in 2020, and what's in store for 2021. Here’s what they had to say.
Data decency and consumer trust are the bedrock of open banking. Head of Services for Asia Pacific Matthew Driver says decency, transparency and consumer consent are required for long-term success, and shares why open banking, if done right, will change the world.
According to the Mastercard New Payments Index: The Australia Forecast Report, almost three-quarters (71%) of Aussies surveyed said they now have access to more ways to pay than they did at this time last year.
94% of consumers in APAC are considering using emerging payment methods this year. APAC enthusiasm for QR codes, digital wallets and cryptocurrencies exceeds global averages
Over half (51%) of AU-NZ organisations are placing innovation as high priority with 47% increasing innovation budgets, compared with 42% globally. Seventy-five percent of AU-NZ executives view customer insight as a vehicle for innovation, tracking with their global peers. AU-NZ organisations lag global peers in critical areas; 55% measure impact of innovation on business performance, versus 66% of globally.
QR on Card makes payments more flexible and safer and is another solution to drive easy acceptance of digital payments for SMEs in India
Mastercard is strengthening its global Digital First program across Asia Pacific with a range of innovative partners to deliver even more seamless and secure digital payment options than consumers expect as they shop and bank online more than ever before.
Pay by Bank App will enable consumers to make payments, securely and directly from the Bank’s mobile banking app.
Focusing on digital convenience and security, Mastercard is delivering more perks in more markets for premium cardholders in the Asia Pacific region with a comprehensive online portal, hassle-free e-commerce insurance and enhanced benefits.