Mastercard’s goes digital with e-wallet ‘Masterpass’

Molly Wood Mar 22, 2013
HTML EMBED:
COPY

Mastercard’s goes digital with e-wallet ‘Masterpass’

Molly Wood Mar 22, 2013
HTML EMBED:
COPY

Could electronic wallets become as common as cellphones? Paypal and Google sure hope so. The two companies see a future where you walk into a store and simply use your smartphone to pay. But competition is growing. Now MasterCard says it will start charging a controversial fee to some e-wallet companies that want to run MasterCard transactions. But the card company isn’t stopping there. They are also developing an e-wallet of their own.

Ed McLaughlin, chief emerging payments officer for Mastercard, joins Marketplace Tech host David Brancaccio to discuss MasterCard’s strategy for staying relevant in the mobile age.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!