Mastercard Integrates Corporate Cards into Digital Wallets, Enhancing Business Payments
Mastercard has officially announced the integration of its corporate cards into mobile wallets, taking a significant step in the digitalization of business payments and expense management. This new feature is introduced through a mobile virtual card app designed to provide secure, contactless payment options for Mastercard’s corporate clients, meeting the growing demand for such technologies in today’s era of remote work.
The app utilizes Mastercard’s advanced virtual card and tokenization technology, which not only ensures enhanced data security but also offers spend control features. This service is initially launching with HSBC Australia and Westpac, with plans to expand to other major markets later this year. This initiative aims to enhance security with features such as biometric authentication and PIN protection, alongside providing flexible integration options for financial institutions through both a proprietary user interface and API-based integration options.
