MasterCard launched its MasterPass e-commerce payments wallet in New Zealand with Westpac as its first bank partner, and the bank's chief product officer, Shane Howell, told ZDNet that MasterPass is "one big platform" to enable digital wallet functionality for Westpac NZ's customers.
When the bank launches the eWallet, they will use the white label version of the product, hosted by MasterCard. This is because their market research showed that customers want digital wallets that are supplied by their main banking provider.
MasterCard's MasterPass has already been launched in over 20 countries and has 40,000 online merchants now using it.
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