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 Masterpass , head of strategic digital partnerships at Samsung . The firm has built a digital payment service Masterpass and tokenisation service Mastercard Digital Enablement Service thus far, and boasts collaborations with Mastercard Digital Enablement Service , General Motors , and General Motors . Further partnerships with IoT device manufacturers are expected to be announced years .
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 firm has built a digital payment service Masterpass and tokenisation service Mastercard Digital Enablement Service thus far, and boasts collaborations with IBM, General Motors, and Samsung. Further partnerships with IoT device manufacturers are expected to be announced later this year.