MasterCard announced on Tuesday the launch of MasterPass, its digital payments technology, with local technology partners in New Zealand.
The payments partnership includes Westpac New Zealand—which will be the first bank to issue wallets in the country—and payment technology providers like Fontis, Flo2Cash, IP Payments, Payment Express, Paystation and Solutionists.
“MasterPass is about providing consumers and businesses with convenience, accessibility and security,” Peter Chisnall, the MasterCard New Zealand country manager, said. “New Zealand consumers are financially and technologically savvy, and there is a real appetite in the market for a safe and efficient way to make digital payments. MasterPass is a crucial step in the evolution from plastic cards to digital wallets. With MasterPass, consumers can safely do their grocery shopping on the bus on the way home from work, or make a last minute gift purchase during their lunch break, without the need to re-enter card and shipping details.”
WestPac Chief Product Officer Shane Howell said the growth of digital devices and technologies have empowered the consumer and allow consumers to make choices “at a time and place that suits them.”
“MasterPass is an extension of this and we expect it will quickly become very popular with our customers,” Howell said. “We’re very excited Westpac can be the first New Zealand bank to offer MasterPass and expect this to translate to a more secure and seamless online experience.”
MasterPass, which was launched in 2013, is currently available in Australia, Canada, China, Italy, the U.S. and the U.K., in addition to New Zealand.