26 November 2015

MasterCard MasterPass arrives in the UK

30 July 2013  |  10588 views  |  0 Woman figure shopping on top of keyboard

MasterCard has brought on board some major retailers, including Argos and Boots, as well as issuer MBNA, for the UK launch of its MasterPass digital payments service.

MasterPass is designed to provide merchants with a consistent way to accept electronic payments, wherever they are.

For online purchases, shoppers click the MasterPass button on a retailer site, access their wallet and authenticate transactions with a password, without having to enter shipping and card information every time.

With e-commerce sales outstripping the high-street, MasterCard says its service will help retailers reduce checkout abandonment rates, which affected 37% of all online transactions in the first quarter of 2013, equating to more than £6 billion, according to IMRG and Capgemini research.

Argos, Boots, House of Fraser, The Hut Group, and Seetickets.com are among the first UK firms to commit to the service, which is already being used by thousands of retailers in the US, Australia and Canada.

Sarah Jasper, commercial marketing director, The Hut Group, says: "Across each of our retail sites we see innovation in checkout experience having a measurable impact on customer loyalty. MasterPass provides our customers with a faster, more convenient way to shop and helps us attract and retain new customers too."

MasterCard's Andrew Key and IMRG's Andrew McClellend spoke to Finextra about the service:

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

23 July, 2013
17 July, 2013
28 June, 2013
27 June, 2013
21 March, 2013
25 February, 2013
28 November, 2012
16 November, 2011

Related company news


Top topics

Most viewed Most shared
MIT to run fintech degree course
9248 views comments | 36 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
8210 views comments | 18 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
8115 views comments | 29 tweets | 31 linkedin
Apple Pay users given a free ride in Londo...
7978 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
7278 views comments | 33 tweets | 41 linkedin

Featured job

£100,000 basic, £180,000 OTE + Benefits

Find your next job