Press Releases

November 2024
November 21, 2024

The latest collaboration between Mastercard and beep™ enables commuters to conveniently pay for bus rides using their Mastercard prepaid, debit, or credit cards on Bonifacio Transport Corporation (BGC) buses.

November 14, 2024

Mastercard announced its sponsorship of and participation in The Maverick Academy, a gastronomy series now streaming on Netflix.

November 6, 2024

Mastercard announces the latest enhancement to the Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints.

November 5, 2024

Pay Local makes it easy for resident cardholders or international travelers to make card payments to merchants using local digital wallets.

October 2024
October 22, 2024

With new restoration sites, including in India and Thailand, and expanded projects across regions, the Priceless Planet Coalition advances its global mission to fund the restoration of 100 million trees.

October 22, 2024

This innovative collaboration aims to explore the advancement of intelligence-driven fleet and connected vehicle commerce in Indonesia.

October 18, 2024

The program aims to elevate awareness, impart skills, and improve capacity through technology and intelligence for SMEs and the public sector across the bloc’s member states.

October 17, 2024

Mastercard launches the #AcceptanceMatters campaign to raise awareness of autism, in hopes of driving acceptance and fostering a more supportive community.

October 15, 2024

With the largest Mastercard workforce in a single city globally, the hub is designed to advance the company's global technology strategy and support India’s digital ambitions.

October 9, 2024

Mastercard’s latest study reveals how the affluent are optimizing their wallets to live well and leave a legacy.

September 2024
September 25, 2024

This new solution will streamline and accelerate payment processing between online travel agents and hotels in Thailand, transforming traditionally inefficient, labor-intensive, and time-consuming transactions.

September 17, 2024

Mastercard will be supporting the Tokyo Marathon from 2025 through 2028, aiming to bring runners closer to their passion and each other.

September 13, 2024

Mastercard announced that international visitors to Beijing will be able to make ‘Tap & Go’ payments at all Beijing urban rail transit stations using their overseas-issued Mastercard cards.

August 2024
August 29, 2024

Mastercard announced the global launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot, this service will give millions of consumers more control and peace of mind when checking out online.

August 20, 2024

Mastercard today announced the appointment of Winnie Wong as country manager, Thailand and Myanmar.

August 12, 2024

Strivers' Hub will offer Malaysia's MSMEs, with a focus on those owned and led by women, everything they need to grow their business, including digital upskilling programs, mentoring opportunities, and essential resources for accessing credit and financial schemes.

July 2024
July 9, 2024

New research commissioned by Mastercard unveils some of the quirky methods that Australians use to safeguard their money while on holiday.

June 2024
June 27, 2024

The Small Business Barometer Report, published by the Mastercard Center for Inclusive Growth in partnership with Mercy Corps Indonesia and 60 Decibels, sheds light on the digital and credit access challenges faced by Indonesia’s Micro and Small-Sized Enterprises (MSEs).

June 13, 2024

Mastercard and the Beijing Municipal Bureau of Culture and Tourism announced the relaunch of Priceless Beijing to facilitate priceless experiences and trusted payments for international tourists in China.

May 2024
May 31, 2024

Combining with QR Pay by Link, Mastercard® Click to Pay empowers diners to make payments with just a few taps on their mobile phones, enabling a quick and secure password-free checkout experience.

May 30, 2024

Southeast Asia once again emerged as the world’s leading Muslim tourist destination in the latest edition of the Mastercard-CrescentRating Global Muslim Travel Index (GMTI), with Indonesia and Malaysia tied for the top spot.

May 24, 2024

United Nations Development Programme and Mastercard have signed a memorandum of understanding to collaborate towards deepening the understanding of development impact of digital scams and ways to detect and address them.

May 16, 2024

According to the Mastercard Economics Institute "Travel Trends 2024: Breaking Boundaries" report, the global travel sector is reaching new heights in 2024, with consumer spending on tourism remaining robust and passenger traffic soaring. APAC destinations are trending in a big way, comprising half of the top 10 hot spots that have demonstrated the greatest momentum among travelers.

May 14, 2024

Mastercard has partnered with Standard Chartered Bank, Mox Bank Limited and Libeara on a proof-of-concept pilot under the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox to explore the operational and risk management benefits of tokenized deposits for settling tokenized assets, marking a significant step in advancing fintech innovation and the tokenization market in Hong Kong.

May 9, 2024

Mastercard NetsUnion has begun processing payments in China allowing both domestic and international purchases with Mastercard cards issued by local banks. This milestone will simplify the payment experience for Chinese Mastercard cardholders, and aims to foster a secure and innovative digital ecosystem.

May 3, 2024

Mastercard partners with Boost Capital to unlock access to digital financial services for over 10,000 small businesses, especially women-led enterprises, in the Philippines.

April 2024
April 29, 2024

Mastercard unveils limited-edition Mastercard Music Pass for music fans around the world to unlock a cutting-edge AI music studio and behind-the-scenes content from its second season of the Artist Accelerator program.

April 18, 2024

Indosat Ooredoo Hutchison and Mastercard will establish a Center of Excellence in Indonesia to address cybersecurity challenges and bolster the digital economy.

April 9, 2024

The partnership aims to strengthen cyber resilience in Singapore and advance towards a safer and more secure financial ecosystem.

March 2024
March 28, 2024

Alongside co-branded card programs and travel privileges, the partnership will leverage Mastercard’s data and services capabilities to enable targeted consumer experiences.

March 27, 2024

Mastercard Click to Pay aims to tackle 90% of the payment card fraud experienced in Australia today by removing the need to manually enter card details.

March 19, 2024

The new connection between Mastercard and Alipay accelerates Mastercard's fast-growing cross-border payment offering, addressing the demand for transparent, secure and efficient money transfers.

March 14, 2024

Mastercard partners with SoftBank Corp. to extend Test & Learn®, a cloud-based predictive analytics platform, to help companies in Japan make better business decisions.

March 11, 2024

Mastercard has unveiled the second season of its Artist Accelerator program with a first-of-its kind partnership with OnesToWatch to meet the surging demand for live, global music experiences.

March 8, 2024

Mastercard and Tourism Malaysia have announced a strategic partnership that leverages Mastercard’s Data & Services capabilities to create a more seamless and innovative travel experience in Malaysia.

February 2024
February 20, 2024

Mastercard and Octopus have introduced a more convenient way for inbound travelers to Hong Kong to enjoy the benefits of Octopus contactless payments on transport, dining, entertainment, shopping and more.

February 2, 2024

Mastercard and Beep™ have announced a partnership to enable contactless acceptance of Mastercard cards in public transportation for the first time in the Philippines.

January 2024
January 11, 2024

Mastercard has created and open-sourced a device together with its partners to make one of tennis’ most iconic roles more accessible than ever before.

January 8, 2024

Mastercard, in partnership with Westpac, today announced ‘TOUCH’, Australia’s first ever pictureless feature-length film using only the power of sound.

2023
December 18, 2023

Mastercard announced a partnership with PT MRT Jakarta (Perseroda), the operator of MRT Jakarta facilities and infrastructure, to boost cashless transit experiences.

December 14, 2023

Mastercard today announced the appointment of Jonathan Wood as Country Manager, Thailand and Myanmar.

December 12, 2023

The Mastercard Economics Institute has released its annual economic outlook for the coming year, outlining the bright spots and watchouts that will define global growth.

November 29, 2023

Mastercard enlists NZ hip hop royalty King Kapisi to celebrate the remarkable milestone for small businesses in Aotearoa for being in business for 10 years.

November 27, 2023

Mastercard and the Research Institute of World Tourism Alliance (WTA) have recently announced a new strategic collaboration at the 2023 annual meeting of WTA, to promote sustainable and inclusive development of the tourism industry.

November 23, 2023

Mastercard and Nanyang Technological University, Singapore, have launched a new FlexiMasters program, the NTU-Mastercard FlexiMasters in Cybersecurity & Digital Trust, to strengthen expertise in combating the growing threat of cybercrime.

November 21, 2023

Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China and the National Administration of Financial Regulation to commence domestic bankcard clearing activity in China, allowing Mastercard cardholders in China to soon enjoy seamless payment experiences at home and abroad.

November 15, 2023

Mastercard partners with NEC to bring the Biometric Checkout Program to the Asia Pacific region, expanding reach across the globe. Under which, NEC’s face recognition and liveness verification technology, and Mastercard’s payment enablement and optimized user experience to drive global scale.

November 13, 2023

Mastercard is supporting Australia's fintech industry with a new program, launched in collaboration with FD Global Connections, to help local innovators strengthen their governance and risk management practices.

November 7, 2023

Mastercard today announced that it has completed the Hong Kong Monetary Authority’s e-HKD Pilot Programme, which demonstrated the efficacy of the Mastercard Multi-Token Network solution to settle Web3 transactions involving decentralized applications and digital assets, such as NFTs.

November 6, 2023

A new study commissioned by Mastercard has unveiled the eye-opening scope of cyberattacks among Australia’s small business leaders. Mastercard partnered with a teenage ethical hacker to create 'Cyber secure in 60 seconds,' a ten-part content series containing simple, low cost and actionable insights for small business.

November 1, 2023

Mastercard and Norwegian fintech company EedenBull have announced the launch of a cards and spend management platform, Q Business, designed specifically to help small and medium-sized enterprises (SMEs) to process their spending and payments more efficiently

October 31, 2023

As a global technology company in payments, Mastercard expands its partnership with Agoda, a digital travel platform headquartered in Singapore to enhance business-to-business payments in the travel and tourism industry

October 30, 2023

Mastercard has partnered with Aurionpro Transit, a leading global provider of smart ticketing and payment systems, to provide commuters with a next-generation contactless payment method for public transport

October 12, 2023

Mastercard’s participation in the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre’s central bank digital currency (CBDC) pilot project explored potential use cases for a CBDC in Australia

September 27, 2023

DUAPAY, developed by Fintech Pacific in partnership with Mastercard and ygap, and with support from the Australian Government, welcomes more local merchants into the digital economy.

September 21, 2023

Mastercard partners with PWR to create exclusive masterclasses with global gaming icons, Lachlan Power and Kathleen 'Loserfruit' Belsten.

August 31, 2023

Mastercard Strive Indonesia, an initiative that aims to empower small businesses to succeed in the digital economy, announces the onboarding of nine new partners that will significantly expand the program's reach.

August 28, 2023

Nuvei and Mastercard today announced that they will enable near instantaneous payout capabilities for online trading platforms and investors in the Asia Pacific region via Mastercard Send™.

August 23, 2023

The International Cricket Council (ICC) today announced an exciting association, with Mastercard becoming a Global Partner for the ICC Men’s Cricket World Cup 2023 to be held in India between 5 October and 19 November 2023. 

August 22, 2023

Mastercard extends its partnership with Collinson to provide premium airport lounge access to Mastercard Trust Club World Card and World Elite Card cardholders in the event of a delayed flight through Mastercard Flight Delay Pass.

August 7, 2023

By linking any Mastercard card to WeChat (Weixin in Mandarin Chinese) Pay, overseas visitors will have access to tens of millions of local merchants, while SMEs are set to benefit from a bigger pool of international buyers.

July 28, 2023

Refreshed innovation lab in Singapore inspires purposeful innovation through immersive, experiential demos, drives new business ideas, and encourages co-creation with clients and partners.

July 13, 2023

Mastercard and DTS Corporation have announced a new strategic partnership to deliver cybersecurity solutions to enhance digital fraud detection solutions for Japan.

July 12, 2023

Mastercard has partnered with Vodafone Fiji to provide a new way of paying in-store and online, both at home and abroad, with the launch of M-PaiSA Mastercard. This initiative will give hundreds of thousands of Fijians access to digital payments through Mastercard's global payment network.

June 28, 2023

With Hong Kong's economic revival in full swing, Mastercard and distinguished local F&B group LUBUDS, today announced the launch of LUMA, a new restaurant occupying a prime location at 1881 Heritage, a historical landmark that has been transformed into a luxury lifestyle hub in the vibrant Tsim Sha Tsui district.

June 26, 2023

Mastercard today announced Mastercard Strive Malaysia to support Malaysia’s growth and digitalization priorities. In collaboration with The Asia Foundation, the program aims to digitalize and support the growth of 100,000 micro-and small enterprises (MSEs), focusing on women-owned and women-led businesses.

June 21, 2023

With the resumption of travel and tourism to China in full swing, Mastercard and Alipay today announced the launch of a new payments option that provides international arrivals to China with another simple and secure way to go cashless when visiting the country.

June 7, 2023

Mastercard today announced that Westpac will become the first issuer of Mastercard’s Touch Card™ in Australia, a card design featuring simple yet distinct notches to help blind and partially sighted people identify their credit, debit and prepaid cards.

May 15, 2023

New insights from the Mastercard Economics Institute reveal that consumers are taking advantage of a more traditional travel ecosystem in 2023, prioritizing leisure travel and pioneering new corridors around the world.

May 12, 2023

With merchants estimated to suffer more than US$48 billion in eCommerce fraud globally in 2023 – 22% of that in Asia – Mastercard today announced the expansion of its partnership with Vesta, the global leader in payment fraud protection.

May 10, 2023

Mastercard has partnered with Maldives Transport & Contracting Company (MTCC) and Bank of Maldives (BML) to roll out the first multi-model, open loop transit payment and digital ticketing system in South Asia.

May 9, 2023

Mastercard today hosted Fahmi Fadzil, Malaysia’s Minister of Communications and Digital, for the opening of its new office and launch of its Data & Services (D&S) Hub in Kuala Lumpur, which will serve clients across the Asia Pacific region with a suite of offerings beyond transactions.

May 8, 2023

Wakayama Prefecture, The Kiyo Bank, Ltd., The Kiyo Card DC Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd., and Mastercard have agreed to jointly discuss and develop potential solutions with the aim of upgrading the spending process for municipal goods and services procurement, utility bills, and business trips by optimizing payment methods with a view to introducing card programs.

April 26, 2023

Mastercard announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This initiative further reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce the environmental impact of their wallet.

April 13, 2023

Music fans can now get their hands on the limited release Mastercard Music Pass NFT, which unlocks access to exclusive content and experiences from the Mastercard Artist Accelerator. The unique program will prepare five emerging musical artists from around the world with the tools and skills to harness Web3 technologies to reimagine their creative processes and grow their careers in the digital economy.

April 4, 2023

Mastercard, in collaboration with the Indonesian National Council for Financial Inclusion (DNKI) and Mercy Corps Indonesia, launched Mastercard Strive Indonesia, a three-year initiative that aims to empower 300,000 Indonesian small businesses to succeed in the digital economy.

March 28, 2023

LUBUDS and Mastercard announced a new partnership that will see the two companies co-creating tantalizing offerings for diners. Cardholders will enjoy priceless experiences and exclusive privileges at restaurants across Hong Kong.

March 20, 2023

Mastercard is conducting a pilot with Service NSW and Tipple to allow consumers to verify their age securely and seamlessly in the digital and physical world.

March 15, 2023

Checkout.com and Mastercard announced that they will make Mastercard Send™ available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year.

March 7, 2023

Mastercard announced an industry-leading partnership with Universiti Teknologi Malaysia (UTM) to build a Cyber Innovation Hub. The facility aims to build a cyber-ready workforce in Malaysia, expanding industry expertise while strengthening the country’s cyber resilience capabilities to future proof its digital economy.

February 27, 2023

Mastercard and end-to-end fraud protection platform Vesta have partnered to deliver state-of-the art fraud management solutions for merchants in Asia Pacific. The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee platform, and will allow merchants to eliminate online fraud and grow their business.

February 23, 2023

Mastercard has been approved as an unrestricted Accredited Data Recipient (ADR) by the Australian Competition and Consumer Commission (ACCC), under the Consumer Data Right (CDR). The accreditation will enable Mastercard to unlock the potential of open banking for more Australian businesses and consumers, as it has in the U.S. and Europe.

February 22, 2023

Web3 tech innovator, Immersve has partnered with Mastercard to give consumers the ability to use cryptocurrency directly from their web3 wallet to make digital, physical or even metaverse purchases, wherever Mastercard is accepted. 

February 21, 2023

General Incorporated Foundation KANSAI Tourism Bureau and Mastercard have agreed to form an alliance to expand and promote tourism in the Kansai region. This includes working towards promoting tourism in relation to the Expo 2025 Osaka, Kansai, and drive a shift to a digital economy.

January 16, 2023

New research from Mastercard reveals an organization’s performance in diversity, equity and inclusion (DE&I), security and sustainability play a critical role in consumer purchasing decisions.

January 11, 2023

New research commissioned by Mastercard in partnership with Blind Sports Australia (BSA) revealed seven in ten Australians agree the sports industry has made progress to be more diverse, however there is still work to be done to ensure everyone feels like they belong.

January 10, 2023

ATX Fintech Holding Sdn. Bhd. (ATX) announced a partnership with Mastercard to launch Mastercard® Bill Pay, a new bill management tool that combines electronic bill presentment and payment in one place. The platform transforms the way bills are presented and makes the payments experience secure, more efficient and seamless.

January 5, 2023

Mastercard today announced the appointment of Gautam Aggarwal as Division President for South Asia & Country Corporate Officer, India, effective January 1. With his new remit, Gautam will oversee all of Mastercard’s activities across South Asia and India, including product management, engagements with customers and regulators, marketing and more.

2022
December 7, 2022

Mastercard announced an industry-leading partnership with Nanyang Technological University (NTU) in Singapore to launch the Mastercard-NTU Joint Lab. The unique program aims to expand the region’s cybersecurity ecosystem, while also strengthening Singapore’s position as a global cybersecurity leader.

November 15, 2022

To meet growing consumer preference for more payment options, Mastercard launched Google Wallet in Malaysia. Mastercard cardholders from CIMB Bank Berhad and Hong Leong Bank Berhad can now save their credit and debit cards within Google Wallet.

November 2, 2022

Mastercard announced that it would expand its Farm Pass digital platform across the Asia Pacific region. The firm is on track to connect 30 million people globally, including 15 million in Asia Pacific, with its Community Pass services, of which Farm Pass is a part, over the next five years.

October 20, 2022

The Mastercard Economics Institute’s “Shifting Wallets” report looks at how consumers across the world are holding tight to habits that offer convenience, experience or both. Asia Pacific has seen a sharp recovery in outbound travel following the re-opening of borders, despite the growing cost of air travel.

October 12, 2022

Mastercard and Grab today announced a regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam. The collaboration is part of Strive Community, a global philanthropic initiative developed by the Mastercard Center for Inclusive Growth and Caribou Digital.

September 5, 2022

Mastercard today announced its collaboration with the Board of Control for Cricket in India (BCCI) to broaden its strategic outreach to Indian audiences. During this association, Mastercard will be the title sponsor for all international matches (both women’s and men’s) held on home ground, domestic cricket matches like Irani Trophy, Duleep Trophy, and Ranji Trophy organized by the BCCI, and also all junior cricket (Under 19 and Under 23) matches held in India.

August 25, 2022

Mastercard’s second annual New Payments Index revealed consumers in the Asia Pacific region remain among the most enthusiastic adopters of digital payments in the world, and the need for a greater focus on building trust in new technologies amidst continued global uncertainty.

August 12, 2022

Mastercard cardholders from Ambank, Maybank and Standard Chartered bank in Malaysia can now make payments using Apple Pay. Malaysia is the second country in Southeast Asia to support Apple Pay.

June 26, 2022

Mastercard has successfully secured accreditation under the Australian Government’s Trusted Digital Identity Framework as an identity provider for identity proofing level 1+, identity exchange and credential provider. It is the first private sector organization or entity to be accredited for more than two roles since the framework’s inception.

June 23, 2022

To support the long-awaited travel recovery, Mastercard expanded its Mastercard Travel & Lifestyle Services platform with new partnerships that focus on seamless travel experiences and priceless moments for cardholders, including WhatsApp servicing, Covid alerts and perks like lounge access when flights are delayed.

June 23, 2022

Mastercard unveiled its first ever music album titled Priceless® at the Cannes Lions Festival of Creativity. The album, available first on Spotify and then other streaming platforms, features 10 songs by 10 artists from around the globe. Each song incorporates the recognizable melody of Mastercard’s brand sound.

June 2, 2022

Mastercard announced the approval of Marqeta, the global modern card issuing platform, as one of the first companies to join its Network Enablement Partner (NEP) program in the Asia Pacific region.

May 18, 2022

New research from the Mastercard Economics Institute Travel 2022: Trends & Transitions report reveals that for the first time since the pandemic, global leisure and business flight bookings surpassed pre-pandemic levels, while spending on cruise lines, buses and trains saw sharp improvements this year, signaling a key milestone in the global travel recovery.

May 10, 2022

Mastercard announced the launch of Mastercard Gamer Xchange (MGX), a first-of-its-kind, turnkey solution that helps consumers convert their unspent rewards points into gaming currency across nearly 4,000 of the world’s most popular gaming titles.

April 28, 2022

The launch of the new Pay by Account-enabled product sees EZ-Link expand to the open payment ecosystem, empowering users with greater digital payments capabilities.

April 20, 2022

Mastercard’s Priceless Planet Coalition, which now includes more than 100 global banks, fintechs and merchants, has announced the expansion of its reforestation work to include 15 new sites around the world. In Asia Pacific, new projects are being launched in Cambodia, China, India, and the Philippines while planting continues in Australia.

April 18, 2022

To meet growing consumer demand for more flexible payment options, Mastercard and Pine Labs have partnered to launch Mastercard Installments with Pine Labs. The new program will offer Filipino credit cardholders the flexibility to pay in interest-free monthly installments with their enrolled bank’s credit card anywhere they see the Pay Later identifier.

April 7, 2022

Mastercard announced the appointment of Julie Nestor as Senior Vice President, Head of Marketing & Communications, Asia Pacific, based out of Singapore.

March 7, 2022

Mastercard announced a 5-year global partnership with Zeta to launch credit cards with issuers worldwide on Zeta’s modern, cloud-native, and fully API-ready credit processing stack.

March 1, 2022

Mastercard, DBS Bank and Pine Labs have partnered to launch ‘Mastercard Installments with Pine Labs’ - a new program that allows DBS/POSB credit cardholders to pay via interest-free installments at merchants with the ‘Pay Later’ identifier.

February 16, 2022

Bank of Mongolia (BoM), with the help of Mastercard, recently launched its M/Chip ₮-Cards in December 2021. The symbol of the tugrik, the national currency of Mongolia, is integrated into the ₮-Cards scheme through Mastercard M/Chip technology, enabling it to better play its vital role as the main payment instrument of the Mongolian national economy.

February 16, 2022

Mastercard cardholders can now pay for their trips on the Bangkok MRT by simply tapping their contactless Mastercard Credit and Prepaid cards at the station gate, eliminating the need to handle cash, buy tickets, and top up their MRT cards.

January 27, 2022

To support small and medium-sized enterprises (SMEs) in navigating this journey, Mastercard Academy has launched ‘The Entrepreneur’s Odyssey’ – a first-of-its kind digital education platform that brings together a range of world-class academic and business resources to help small businesses learn and thrive.

January 27, 2022

New research from Mastercard reveals that implementing sustainable business practices is considered by many business leaders to be the next significant challenge faced by Australian organizations in the years ahead, with 76% identifying sustainability as critical for success in their industry.

January 13, 2022

Mastercard announced it has signed a Memorandum of Understanding with Wakayama Prefecture, leveraging its global standard payment network to support the growth of the tourism sector and accelerate the digital transformation and cashless transaction infrastructure for small and medium businesses in the prefecture.

January 12, 2022

Mastercard announced today that Safdar Khan has been named Division President for Southeast Asia. This appointment is an expansion of his former role as Division President, Southeast Asia Emerging Markets.

2021
September 20, 2021

Mastercard and partner Xiaomi, the world’s No.1 wearable band brand, unveiled an updated version of its Mi Smart Band 6, which spotlights the enablement of contactless payment. The new device now offers a fast, secure, and convenient way to pay for any number of purchases.

May 28, 2021

GO-NET, in collaboration with Mastercard, studied both the benefits that IoT payments can bring to consumers and the potential challenges that lie ahead in processing those payments.