Mastercard Wallet Pay connects stored-value wallets with card payments

Mastercard introduced Wallet Pay on September 10 as a portfolio connecting digital wallets with its payment network, including stored-value services and providers developing credit, debit or prepaid card programmes. The announcement names Ant International ’s Alipay+ ecosystem, including AlipayHK , Clip , GCash , KakaoPay , TNG Digital ’s TNG eWallet and TrueMoney , alongside AXIAN , CRED , DaviPlata , Mercado Pago , MTN and TenPay Global . These relationships cover different markets and payment experiences; the announcement does not establish that every participant offers every component. The underlying product catalogue helps explain what sits behind the umbrella name. Account tokenization turns a wallet account into a payment credential for contactless and online spending. Mastercard Pay Local connects cards to local wallets, while Wallet Express provides pass-through payment capabilities and tap-to-pay. Mastercard also lists its Digital Enablement Service, which replaces card