FinTech WoraPay has integrated Mastercard’s Masterpass into its mobile wallet WioPay. The partnership was established through the Startupbootcamp FinTech programme, where WoraPay was mentored by Mastercard employees. Lloyds Banking Group staff are among the first to use the service which allows customers to beat the queue when ordering food and drink.

Also of interest: Startup of the month – WoraPay

Vaidas Adomauskas, CEO and co-founder, WoraPay, says: “We are very excited to improve the payment experience for our clients providing them with the opportunity to use Masterpass. For example, Lloyds Banking Group staff using the WoraPay service could save up to 75,000 hours per year; the equivalent of over 10,700 working days that would otherwise be spent waiting in line to pay. We are also seeing that the caterer is experiencing an uplift of 5% in total sales as customers return to vendors that improve their overall experience. We are sure that the integration of Masterpass will add to this success.”

by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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