Digital wallets have rapidly evolved into robust, multi-service platforms, now serving over 4.3 billion users worldwide. With global usage set to top 6 billion by 2030, Mastercard is introducing Mastercard Wallet Pay, a global portfolio of solutions designed to foster interoperability and innovation for digital wallets across contactless, QR codes and online digital payments. Harnessing the industry's most advanced capabilities, Mastercard Wallet Pay solutions empower wallet providers to deliver frictionless experiences — from everyday spending to cross-border transfers – meeting the demands of a rapidly expanding digital economy.
Mastercard launches Wallet Pay to scale digital wallets worldwide
Digital wallets now serve over 4.3 billion users, set to top 6 billion by 2030
Partners include Alipay+, Axian, CRED, DaviPlata, Mercado Pago, MTN, and TenPay Global
Enables acceptance at hundreds of millions of locations worldwide
Connects more than 3.7 billion Mastercard credentials to digital wallets
Facilitates transfers across 200+ countries and 150 currencies
Through collaborations with leading digital payment service providers including Alipay+ — the global wallet gateway of Ant International that supports its partner wallets such as AlipayHK, Clip, GCash, KakaoPay, TNG eWallet and TrueMoney — together with Axian, CRED, DaviPlata, Mercado Pago, MTN and TenPay Global, Mastercard Wallet Pay expands access to essential financial tools and enables acceptance at hundreds of millions of acceptance locations and digital access points worldwide, ensuring that people everywhere can participate in the digital economy.
With technologies like cloud-based payments and Mastercard's global acceptance network, wallet providers can leverage Mastercard Wallet Pay and bring new use cases to life without significant changes to their infrastructure. Whether travelers are linking their cards to local wallets, businesses are moving money instantly or communities are accessing financial tools for the first time, Wallet Pay solutions are engineered for inclusion, innovation and scale:
Interoperability: Enables smooth connections between wallets across borders, platforms and payment types
Secure issuing: Supports providers in launching their own credit, debit or prepaid card programs, unlocking new revenue streams and deepening customer engagement.
Unified digital and e-commerce experiences: Allows merchants to accept payments from cards and wallets in person and online, enabling more than 3.7 billion Mastercard credentials to connect to digital wallets - driving transaction growth across channels.
Accelerated money movement: Facilitates fast transfers between cards, wallets or accounts across 200-plus countries and territories and 150 currencies.
Expanded access: Delivers low-cost financial tools to underbanked and unbanked consumers and supports digital inclusion in emerging regions.
"Wallets are gateways to the digital economy and launchpads for broader financial services," said Jorn Lambert, chief product officer at Mastercard. "Through our Wallet Pay solutions, we're helping payment providers to enhance the interoperability and user experience of their services, underpinned by trust, scale and convenience for the people and businesses they serve."
"The Alipay+ ecosystem represents the collective commitment of 50 mobile payment partners, over 10 national QR networks and over 150 million global merchants to transform local payment experiences into a truly borderless digital economy. Together with Mastercard and partners, Ant International looks forward to expanding global interoperability and mobile agentic commerce for people and businesses everywhere to connect and thrive," said Peng Yang, CEO of Ant International.
"AlipayHK has provided Hong Kong residents with both scan and tap payment experiences, enabling users to make global payments through a single app. Through the partnership between Mastercard Wallet Pay and Alipay+, this NFC payment forms a great alternative for our users that perfectly complements QR code payments while maintaining rigorous security. Wallet Pay has helped us accelerate time-to-market for new use cases and expanded our reach to merchants beyond Hong Kong to better serve our consumers," said Venetia Lee, CEO of AlipayHK.
"Our mission has always been to empower Mexicans and help them get started in the digital economy. We're proud to have partnered with both Mastercard and Ant International on the launch of our consumer wallet Mi Clip in Mexico. Powered by Mastercard Wallet Pay and Alipay+, we have been able to launch our wallet with full interoperability from day one," said Adolfo Babatz, founder and CEO of Clip.
"GCash has always aimed to uplift the lives of Filipinos through accessible financial tools. Through the Alipay+ and Mastercard partnership, we can extend secure global acceptance and new digital experiences to our users, reinforcing our leadership in payments. Mastercard's trusted infrastructure lets us scale responsibly and let people experience world-class technology," said Ren-Ren Reyes, president and CEO of G-Xchange.
"As Korea's leading financial services platform, KakaoPay is committed to delivering intuitive and reliable financial experiences for millions of users both at home and abroad. The joint solution provided by Alipay+ and Mastercard enables us to significantly enhance our global acceptance, ensuring seamless payment journeys for our users wherever they go," said Brian A. Kim, head of Global Business at KakaoPay.
"At TNG Digital, we believe payments should be effortless, wherever our users are. Through our collaboration with Mastercard, we are extending the convenience of TNG eWallet beyond Malaysia, making it easier for our users to top up and pay using their eWallet when traveling abroad while giving international visitors a seamless way to enjoy the same convenience during their stay in Malaysia," said Alan Ni, chief executive officer of TNG Digital.
"The future of digital wallets is not only about great user experiences, but also about interoperability that allows consumers to pay seamlessly wherever they are. Through our collaboration with Alipay+ and Mastercard, TrueMoney can connect millions of users in Thailand to Mastercard's global acceptance network while making secure contactless payments simpler and more accessible," said Monsinee Nakapanant, co-president of Ascend Money.
"Africa's digital wallets are gateways to opportunity, connecting people and businesses to an increasingly global digital economy. Through MVola and Mixx, we are combining deep local relevance with global reach, enabling customers to pay, transact and move money more freely across borders. Mastercard Wallet Pay will help us take that ambition further, expanding secure, seamless and inclusive financial access across Africa," said Erwan Gelebart, CEO, AXIAN Digibank & Fintech.
"Together with Mastercard, we designed an innovative model that enabled us to build a unique digital debit card that removes entry barriers by eliminating acquisition costs, decisively driving the digital inclusion of unbanked customers. The result: In just 15 months, we reached 1.5 million active cards," said Marcela Ramirez Olaya, CEO of DaviPlata.
"The ability to link Mastercard debit and credit cards to Mercado Pago's digital account has enabled us to strengthen our platform's value proposition and deliver a simpler, more integrated experience, so that millions of Latin Americans choose us every day to manage their finances," said Paula Arregui, Fintech Acquiring senior vice president of Mercado Pago.
"Financial inclusion in Africa requires strong partnerships and scalable infrastructure. Our partnership with Mastercard is connecting millions of MoMo users to the global economy. The combination of our local reach and Mastercard global network is a powerful way to unlock opportunities for millions," said Cedric N'Guessan, executive, Payments and E-Commerce, MTN Group Fintech.
"TenPay Global, Tencent's cross-border payment platform, is committed to working with global partners such as Mastercard Wallet Pay to build a more open and inclusive global payment network together. We believe the next phase of borderless payments will be driven by greater interoperability and deeper ecosystem collaboration," said Wenhui Yang, CEO of TenPay Global.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
