MasterPass launches in China

MasterCard is enabling Chinese consumers to be the first in Asia to experience a simpler, quicker and more secure way to shop online and overseas with the launch of MasterPass. China Construction Bank, with the largest cardholder base in the country, will be the first issuer to leverage the MasterPass platform to enable its digital wallet, LongPass.

MasterPass enables consumers to make online payments and securely store their MasterCard and other branded credit, debit and prepaid card information, shipping details and more, simplifying the process of completing a transaction from any connected device including PCs, tablets and smartphones.

MasterPass launched in February 2013, and is currently live in Australia, Canada, Italy, the United States, and the United Kingdom. This launch signifies that China and other leading markets have moved into a new era of payments.

As the first strategic partner of MasterPass in China, Duan Chaoliang, General Manager of Credit Card Center, China Construction Bank, said “The economy in China is of huge importance to the global market. With increasing levels of consumption, this new digital service will bring more value to key stakeholders. It is our pleasure to work with MasterCard to launch MasterPass in China, to provide our customers a faster, more secure, and more convenient payment experience. This is a milestone in our collaborative efforts to bring China’s payments industry into a new phase.”

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