Mastercard & Visa Expand Mobile Wallet Access
Update: 2025-12-19
Description
Mastercard and Visa are expanding mobile wallet access globally, partnering with various companies to enable smartphone payments at numerous locations. Mastercard collaborates with TerraPay, BBVA, Telefonica, and Alipay, while Visa works with Klarna, Vipps Mobile Pay, and Bancomat. This push for mobile payments is driven by Apples decision to make NFC technology more accessible and the growing trend of contactless transactions. Both companies aim to support a wide range of mobile wallets, shaping the future of payments and making transactions faster and more convenient.
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