Mastercard must increasingly collaborate not only with the banks and retailers that have been its traditional partners, but also with smart device manufacturers and the technology companies that help build Masterpass wallets and that connect to the MDES tokenization service. 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 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 .