MasterCard has teamed up with RAKBANK, Mashreq Bank and Emirates NBD to offer digital wallets powered by MasterCard’s MasterPass to cardholders in the UAE.
"Digital wallets using MasterPass will speed up the online payments process allowing consumers to store their payment card information, shipping and billing address details in one place while it will provide retailers with a secure and faster way to accept payments," MasterCard said in a statement.
MasterPass, which is available in 13 countries since it was launched in 2013, has been initially adopted by two retailers including Novo Cinemas and Aido.com, with more merchants expected to line up for the process.
Eyad Al-Kourdi, country business head of UAE at MasterCard, said: "The world we shop in is constantly evolving and the ways we pay should keep pace. With a single click, tap or touch of the MasterPass button at checkout, consumers can access their preferred digital wallet and authenticate a payment.
"Put simply, MasterPass is a digital payment solution that simplifies the entire shopping experience for consumers."