Aiming to simplify travel and business expenses.
In brief:
- HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.
- Mastercard says its mobile virtual card app will simplify travel and business expenses for banks' commercial clients.
- The app uses Mastercard's virtual card and tokenisation platforms, enhanced data, security, and spend controls within a single interface.
What does this mean?
John Scott, head, global payments, HSBC Australia, says: "Mobile wallet usage is growing, with the Asia-Pacific region accounting for over half of the digital payment transactions globally.
"As contactless payments continue to surge, it’s important that corporate clients have access to best-in-class payment solutions to keep their business secure and take advantage of the increased efficiency offered by the latest technologies."
