back Back

Mastercard and PrestaShop team to deploy Click to Pay in Europe

By Gloria Methri

April 30, 2024

  • Click to Pay
  • Europe
  • FinTech
Share

Mastercard, PrestaShop, Click to Pay, Payment Acceptance, Online Payments, FinTech, France, EuropePrestaShop, a specialist in e-commerce solutions, has teamed up with Mastercard to introduce Click to Pay, a payment solution designed to simplify and enhance the online payment experience for consumers across Europe.

Click to Pay offers a seamless payment experience, enabling consumers to use their payment cards without entering their card details or remembering a password manually. All payment information is securely centralized in a single profile, facilitating easier management of payment methods.

Click to Pay is based on EMVCo standards, supported by all major bank card networks, and aims to facilitate international interoperability and the acceptance of secure payments. This solution not only optimizes user experience by reducing cart abandonment but also enhances transaction security through “tokenization.”

In the context of payments, tokenization transforms sensitive card details into a non-sensitive set of characters known as a “token.” This process ensures that personal information is never exposed during transactions.

“With Click to Pay, we are delivering a tangible response to consumer and merchant demands for faster and safer transactions. This technology represents a significant step forward in the future of digital payments, where efficiency and security go hand in hand,” said Valerie Nowak, Executive Vice President of Product and Innovation at Mastercard Europe.

“We are proud to enable our merchants to benefit from Click to Pay, a technology that represents the future of online transactions. Our partnership with Mastercard reflects our joint commitment to innovate and continually enhance the experience for both merchants and consumers,” added Eric Senechal, Managing Director of PrestaShop.

Merchants based in France, Spain, Italy, and the United Kingdom who utilize the PrestaShop platform will be the first to have access to integrate Click to Pay. This functionality will subsequently be extended progressively to other European and international markets.

Previous Article

April 30, 2024

International Finance Corporation & Salmon to drive financial inclusion in the Philippines

Read More
Next Article

April 30, 2024

Finastra launches Next Gen Mobile Banking software

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Click to Pay

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

NeoFinity launches ‘NeoZAP’, a premier payment tag in India

Read More

Today

Lianlian DigiTech secures EMI license in Luxembourg

Read More

Today

Moroccan HPS acquires Ireland’s CR2 to bolster global expansion

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023