MasterCard and First Data Corporation today announced a strategic alliance to introduce MasterCard inControl for the first time to First Data’s clients and customers in Asia Pacific. MasterCard inControl is an innovative and secure payment platform that empowers corporates and consumers to set spending limits on their accounts and manage how, when and where they use their card online. Read full press release.
Consumers in the Asia Pacific are forecasted to spend more on e-commerce purchases than those in North America for the first time this year, making it the largest regional e-commerce market in the world. More e-commerce transactions calls for new technologies that bring greater convenience, confidence, and ease to merchants and consumers.
“Our partnership with First Data is a strategic initiative that gives their clients access to an innovative payments solution. We strongly believe that the inControl platform will not only provide more secure transactions for consumers, but will also help them manage their spending and budgeting more effectively,” Raj Dhamodharan, group head, Emerging Payments, Asia/Pacific, MasterCard, said.