Mastercard has announced an ambitious plan to eliminate passwords and manual card entry for online shopping across the Asia Pacific by 2030. This initiative aims to enhance digital payment security and convenience through tokenization and biometric authentication. Following a successful rollout in India, Mastercard is targeting Singapore, Malaysia, and Vietnam for complete tokenization by 2027, as these markets lead Southeast Asia’s digital transformation.
Currently, over a third of Mastercard’s global transactions are tokenized, and the company aims to create a seamless shopping experience where consumers can make secure payments without the hassle of entering long card numbers or resetting forgotten passwords. Tokenization replaces sensitive card details with encrypted digital tokens, while biometric methods like fingerprints or facial recognition ensure authorized access.
Mastercard’s efforts are expected to significantly reduce fraud and improve transaction approval rates, which have already seen a 6% increase in regions where tokenization is implemented. As the company accelerates its initiatives, it envisions a future where online shopping is not only faster but also smarter and safer for consumers and merchants alike.
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Source:
http://www.techpinas.com/2025/11/Mastercard-Password-Free-Payments-2030.html
