It’s a quick and convenient way to get their hands on that rush-hour train ticket or vital, pre-meeting cup of coffee. With mobile payments gaining popularity, Mastercard believes it is almost time for the "Internet of Payment Things", where any connected device can facilitate "friction-free commerce", said Christophe Zehnacker, head of strategic digital partnerships at Mastercard. The company has been working with a number of partners to develop an Internet of Things (IoT) platform that will allow merchants and consumers to make purchases using their smartphones, tablets or computers. Further partnerships with IoT device manufacturers are expected to be announced later this year.
With mobile payments gaining popularity, Mastercard believes it is almost time for the "Internet of Payment Things", where any connected device can facilitate "friction-free commerce", said Christophe Zehnacker, head of strategic digital partnerships at Mastercard. The company has been working with a number of partners to develop an Internet of Things (IoT) platform that will allow merchants and consumers to make purchases using their smartphones, tablets or computers. Further partnerships with IoT device manufacturers are expected to be announced later this year.