Ecommpay has integrated Mastercard’s Click to Pay technology into its online payment interface across the UK and Europe, as reported by Yahoo Finance. This partnership aims to streamline the payment process for both merchants and consumers by eliminating the need for passwords and manual card entry.
Click to Pay leverages user recognition, network tokenization, and global standards to facilitate secure and efficient transactions. This technology simplifies the guest checkout process, allowing customers to complete purchases seamlessly without being redirected or entering card details manually.
Liudmila Zhelenkova, Head of Acquiring at Ecommpay, highlighted the benefits: “Click to Pay offers a more efficient and secure payment experience, addressing the inconvenience of manual card entry. This streamlined process boosts transaction success rates and conversion rates while maintaining the same processing costs as regular card transactions.”
Ecommpay’s integration of Click to Pay enhances payment flow for merchants, supporting payments across any device and browser within the checkout process. Major card networks back this solution, aiming to simplify online transactions and improve the user experience.
Mastercard estimates that Click to Pay can increase approval rates by up to 3% and reduce checkout times by up to 50%. The platform seeks to minimize interruptions and reduce fraud through secure encryption methods.
Mastercard continues to expand its global presence through strategic partnerships. In May, it teamed up with Access Bank Group, a Nigerian multinational bank, to facilitate cross-border payments. This collaboration introduced a solution to enable businesses and consumers across Africa to complete international transactions.
Additionally, Mastercard partnered with CrediMax, a credit card issuer in Bahrain, to offer a payment solution that allows customers to complete purchases across various devices, saving time and reducing errors by eliminating manual password entry.
Disclaimer: The information provided in this article is based on current available data and statements from the involved companies. For specific details or concerns, please contact the respective financial institution directly.
