MasterCard brings Android Pay to Singapore
MasterCard has added Google's Android Pay support to its debit and credit cardholders in Singapore
Initially DBS/POSB, OCBC and Standard Chartered will be the first banks to support Android Pay in Singapore, while UOB will join soon.
MasterCard credit and debit cardholders and Android device owners can use the app for in-store purchases. Android Pay users need to tap their smartphone near a payment terminal at any location that accepts contactless payments.
During the transaction through Android Pay, MasterCard uses a digital ‘token’ instead of the real card number, thereby ensuring optimum security to every transaction.
MasterCard group head and general manager of Singapore Deborah Heng said: “The central role smartphones play in the fast-paced digital lifestyles of the Singapore consumer has driven new forms of mobile payment technology, such as Android Pay.
“The availability of Android Pay will allow MasterCard cardholders to make quick, easy and secure transactions via their smartphones, both in-store and in-app to better serve the needs of tech-savvy, on-the-go consumers.”
Currently, Android Pay is being accepted by more than 30,000 contactless payments readers in the country.
Singapore is the first country in Asia and the third globally to get the Android Pay service. It was launched in the US in September 2015 and in the UK in May 2016.