LONDON — The experience of paying for products and services online could feel a lot different in the coming years.
Starting from 2030, Mastercard will no longer require Europeans to insert their card numbers manually when checking out online — no matter what platform or device they're using.
Mastercard will announce Tuesday in a fireside chat with CNBC that, by 2030, all cards it issues on its network in Europe will be tokenized.
The firm says it's been working with banks, fintechs, merchants, and other partners to phase out manual card entry for e-commerce by 2030 in Europe, in favor of a one-click button across all online platforms.
Cards stored in a merchants' page or electronic wallet via tokenization can be automatically updated wherever they're stored when they're replaced or renewed.
Persons:
it's, they're
Organizations:
Mastercard, CNBC
Locations:
Europe, fintechs