PURCHASE, N.Y.–(BUSINESS WIRE)–#MWC17–At Mobile
World Congress, Mastercard today announced a global partnership with
Oracle that is designed to deliver a streamlined digital payment
experience to the retail and hospitality industries.
The partnership will initially focus on three needs for restaurants,
hotels and retail stores:
In-Store Experience – Oracle and Mastercard will partner to
develop and scale enhanced in-store payment experiences including Qkr!
with Masterpass. This is a mobile app that enables consumers to
seamlessly order and pay for goods and services via their smart phone
without having to wait in line or for a restaurant server. This
integration will make transactions simple, convenient and secure and
remove friction for the customer.
Operational Efficiencies – Rather than develop and implement
separate payments solutions for their in-store and online operations,
retailers can benefit from a fully-integrated digital payment and
fraud prevention offering through Mastercard Payment Gateway Services.
Cross-Channel Consistency – The integration of Masterpass, the
digital payment service from Mastercard, into Oracle products allows
retailers to provide a seamless check-out experience across different
Mastercard and Oracle are already working with joint partners such as
wagamama, Carluccio’s, Young & Co.s Brewery and Geronimo Pubs. They are
using Qkr to let their customers order additional items during meals,
pay at the table when they are ready and split the bill with others.
In 2017, Mastercard will expand the Qkr platform to six additional markets
– Brazil, Canada, Ireland, Singapore, South Africa and the United States
– to seamlessly pay for fees, supplies and excursions at schools, and
make payments at gas stations, parking, sports arenas, and unattended
retail such as vending machines.
Commenting on the announcement, Chris Fendley, SVP Merchant Development,
Mastercard, said: “With close
to 80 percent of consumers using technology at some point along
their shopping journey, Mastercard is committed to unlocking
omni-channel commerce for every device and delivering convenient
experiences to users at-home, in-stores and on-the-go. Building on the
success of our joint initiatives with Oracle in the UK, we can help
retailers and hospitality providers connect with their customers in more
engaging ways while enabling them to grow their businesses with scale,
speed and security.”
our Mobile World Congress 2017 app or find a complete list of
Mastercard news announcements in our Digital
Press Kit. Check out our Periodic
Table of Payments to brush up on your payments knowledge.
Follow us @MastercardNews or using the hashtag #MWC17 to join the
Bernhard Mors, 914-249-2295