Mastercard Gives its Mobile Payments a Bigger Global Stage
Mastercard significantly will expand the scope and capabilities of its Qkr with Masterpass mobile payment service, the network said Feb. 27. Not only is the technology set to debut in the U.S. and five other countries, but it will now integrate with retail software provider Oracle.
At the Mobile World Congress in Barcelona, Mastercard said the Qkr platform, already available to consumers in Australia, Colombia, Mexico and the U.K., will later this year expand to the U.S., Brazil, Canada, Ireland, Singapore and South Africa. The Qkr service facilitates ordering and paying for meals and drinks in bars and restaurants, and enables consumers to pay for and split open tabs, among other tasks.
Mastercard also said it will “integrate Qkr and Masterpass in Oracle point-of-sale software and systems to scale these digital payment platforms to merchants worldwide.” The partnership initially will focus on hotels, restaurants and retail stores. What’s more, retailers using Oracle and Qkr will be able to manage their fraud prevention efforts via the integrated technology.
“With close to 80 percent of consumers using technology at some point along their shopping journey, Mastercard is committed to unlocking omnichannel commerce for every device and delivering convenient experiences to users at home, in stores and on-the-go” said Chris Fendley, Mastercard’s senior vice president of merchant development. “We can help retailers and hospitality providers connect with their customers in more engaging ways while enabling them to grow their businesses with scale, speed and security.”