Mastercard launches Wallet Pay to target 4.3 billion digital wallet users

Mastercard (万事达卡) officially introduced its Wallet Pay solution on September 10, aiming to connect global digital wallets to its international payment network. The service supports NFC, QR codes, and cross-border payments across 200 countries and 150 currencies. With the global digital wallet user base currently exceeding 4.3 billion and projected to reach 6 billion by 2030, partners include Alipay+ (Alipay+), Mercado Pago (Mercado Pago), and MTN (MTN). Additionally, Mastercard announced support for six compliant stablecoins for settlement across eight blockchain networks and continues to expand its blockchain infrastructure through its Crypto Partner Program, which involves over 85 institutions.