Mastercard Launches Wallet Pay to Expand Digital Wallets Globally
Digital wallet service providers, including Alipay+ partners such as AlipayHK, Clip, GCash, KakaoPay, TNG eWallet, and TrueMoney, alongside Axian, CRED, DaviPlata, Mercado Pago, MTN, and TenPay Global, are currently utilising Mastercard Wallet Pay to accelerate global interoperability, innovation, and inclusion.
Singapore—Digital wallets are rapidly evolving into robust multi-service platforms, currently serving over 4.3 billion users worldwide. With global usage projected to exceed 6 billion by 2030, Mastercard is now introducing Mastercard Wallet Pay, a portfolio of global solutions designed to drive interoperability and innovation for digital wallets across all contactless (NFC), QR code, and online digital payments.
The Mastercard Wallet Pay solution leverages the industry’s most advanced capabilities to empower digital wallet providers to deliver seamless experiences, ranging from everyday transactions to cross-border transfers, meeting the demands of the rapidly growing digital economy.
Through collaboration with leading digital payment service providers—including Alipay+ (the global wallet gateway owned by Ant International, which supports partner wallets such as AlipayHK, Clip, GCash, KakaoPay, TNG eWallet, and TrueMoney, as well as Axian, CRED, DaviPlata, Mercado Pago, MTN, and TenPay Global)—Mastercard Wallet Pay expands access to essential financial tools. It enables payments to be accepted at hundreds of millions of locations and digital touchpoints worldwide, ensuring that people everywhere can participate in the digital economy.
Wallet Pay reinforces Mastercard’s commitment to supporting balance-based digital wallet services across its global payment network. Various leading digital wallet providers choose Mastercard due to its global acceptance reach and digital access points, while service providers like Alipay+, which connects over 50 e-wallets and banking applications and more than 10 national payment schemes worldwide, are also facilitating their wallet partners to connect extensively with Mastercard Wallet Pay.
A portfolio designed for various opportunities
By utilising technologies such as cloud-based payments and Mastercard’s global acceptance network, digital wallet providers can leverage Mastercard Wallet Pay to introduce new use cases without requiring significant changes to their existing infrastructure.
Whether it is travellers linking their cards to local digital wallets, businesses transferring funds instantly, or individuals accessing financial tools for the first time, the Wallet Pay solution is designed to support inclusion, innovation, and scalability through:
Interoperability: Achieving seamless connections between cross-border wallets, platforms, and payment types.
Secure Issuance: Supporting service providers in launching their own credit, debit, or prepaid card programmes, thereby opening new revenue streams and deepening customer engagement.
Integrated Digital and E-commerce Experience: Merchants can accept payments via card and digital wallets, both in-person and online, and connect over 3.7 billion Mastercard credentials with digital wallets, driving transaction growth across various channels.
Accelerated Fund Movement: Facilitating rapid transfers between cards, wallets, or accounts, covering more than 200 countries and territories and 150 currencies.
Expanded Access: Providing affordable financial tools for consumers with limited or no access to banking services, and supporting digital inclusion in developing regions.
“Digital wallets are now the gateway to the digital economy and the foundation for broader financial services,” said Jorn Lambert, Product Director at Mastercard. “Through the Wallet Pay solution, we are helping payment service providers enhance interoperability and the user experience of their services, supported by trust, scale, and convenience for the communities and businesses they serve.”
Mastercard Wallet Pay was created based on the company’s long-term commitment to driving financial inclusion. This includes the recently announced Global Financial Health Coalition, which brings together leading digital wallet providers to help bridge the gap between access and true financial health.
Through the Wallet Pay portfolio, Mastercard is not only expanding access and interoperability but also leading the way in achieving digital wallet innovation and inclusion worldwide.
“The Alipay+ ecosystem is a shared commitment from 50 mobile payment partners, over 10 national QR networks, and over 150 million global merchants to transform local payment experiences into a truly borderless digital economy,” said Peng Yang, CEO of Ant International. “Together with Mastercard and our partners, Ant International is eager to expand global interoperability and mobile-agent-based trade, so that people and businesses everywhere can connect and thrive.”