Microsoft Pay Integrates with Masterpass
Microsoft recently announced they have integrated their mobile wallet with Masterpass. Microsoft Pay can now be used with any retailer that accepts Mastercard’s digital payment technology.
Microsoft made its debut in the payment industry more than three years ago, but the service has seen a slow adoption rate. Utilizing the Masterpass network broadens the versatility of Microsoft Pay, which may lead to better success in the future.
Masterpass is primarily designed for online purchases. Much like PayPal, it acts as a middleman between a user’s card data and the merchant. Users can check out with Masterpass without entering their card data, making the process faster and more secure than standard online shopping. The Microsoft Pay extension works through the same platform, but the cards are stored in the Microsoft account, rather than the Masterpass account.
This may be part of a last-hope effort to spread Microsoft Pay to the masses. Chase seems to have made a similar effort last month by linking Chase Pay with Samsung Pay. Chase gets to piggyback on Samsung’s existing payment platform, and users can simultaneously earn Samsung Rewards and Chase Ultimate Rewards for their purchases.