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CSOB becomes the first bank in Slovakia to issue MasterCard’s digital wallet for simplified and safe shopping online. 

Bratislava, 16 December 2015 – MasterCard today launched the global digital wallet MasterPass™ payment service in Slovakia in cooperation with CSOB, making it the first bank on the market to do so.

With MasterPass, consumers can easily store all of their information digitally, ensuring a simple, safe online shopping experience that can be conducted via any connected smart device. Within the digital wallet, the consumer can store all debit, credit and prepaid cards from MasterCard and any other brand, as well as loyalty and member cards and their shipping addresses.

“The principle of the MasterPass payment service is very simple: after selecting the goods or services for purchase, the consumer proceeds to the payment screen and chooses the ‘Buy with MasterPass’ button,” explains Richard Walitza, VP of MasterCard for Mobile Payments and Innovation for the Czech Republic, Slovakia and Austria. “The entire process is safe and comfortable, and eradicates the need for consumers to repeatedly write down or memorize payment information when shopping online.”

As the first bank in Slovakia to offer MasterPass, CSOB will be extending the payment service to all of their online merchants.

“MasterPass enables clients to make payments with one easy click, and CSOB is proud to offer the service to all of our online merchants without increasing the fee,” comments Branislav Straka, member of the board and the payments, electronic distribution channel and ICT director, CSOB. “We look at it as one of the innovations that significantly increases customer comfort and the future of online payment.”

“Consumers can buy goods, services or even travel tickets directly from his or her mobile device on the way to work,” adds Walitza. “No longer is it necessary to take out your payment card in public and copy down necessary information to complete the transaction.”

Slovaks can register for MasterPass today at www.masterpass.com or at any CSOB branch. Once registered, consumers can shop online wherever they see the “Buy with MasterPass” button, which will open their digital wallet.

About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the CashlessPioneers Blog and subscribe for the latest news.

For further information, please contact:
Bara Dlabackova, Best Communications, +420 602 161 138, barbora.dlabackova@bestcg.com
Zuzana Eliasova, hovorkyňa ČSOB Finančnej skupiny, +421 902 910 111, zueliasova@csob.sk