Mastercard will use recently acquired mobile payments company Oltio to expand its digital payment offering in emerging markets across the Middle East and Africa, according to Gabriel Swanepoel, vice president of business integration. Oltio helped Mastercard develop its Masterpass digital wallet in Masterpass in 2014. The service is growing as consumers look to use their phones to pay for goods and services online, in-app and at physical shops. Mastercard will expand its tap-and-pay and scan-to-pay options to online and physical outlets.
Mastercard will use recently acquired mobile payments company Oltio to expand its digital payment offering in emerging markets across the Middle East and Africa, according to Gabriel Swanepoel, vice president of business integration. Oltio helped Mastercard develop its Masterpass digital wallet in South Africa in 2014. The service is growing as consumers look to use their phones to pay for goods and services online, in-app and at physical shops. Mastercard will expand its tap-and-pay and scan-to-pay options to online and physical outlets.