What's New in Payments

Mastercard rolls out Cash Pick-Up service that lets anyone send cash to ATMs

Mastercard wants to give you fast access to cash — using only your cell phone — CNBC — “Consumers can withdraw money sent by friends and family, get cash in emergency situations (in the event of a lost bank card, for example), and redeem rebates or other cash rewards that corporations have historically sent via mail… Users receive a text message with an order amount, secret code and link showing the nearest ATM from which they can withdraw money — up to US$500 per order and $3,000 a day.”







What's New in Payments

Mastercard pilots decentralized digital identities

Mastercard brings digital identity to real world tests — Mastercard — “The pilot will test a new way for people to prove their identity without having to carry multiple documents. Instead, the model allows the data to sit with its rightful owner — the user. It will activate a distributed model that blends information stored on an individual’s mobile device and verified by additional reference points, such as an individual’s bank or participating government agencies.”


What's New in Payments

Grab to issue mobile-first numberless Mastercard across SE Asia

Grab launches Asia’s first numberless card — Grab — “The physical version of the card is completely numberless, front and back, thus averting the prospect of theft of personal and financial information… The digital GrabPay Card is available in Singapore starting today… The digital GrabPay Card will be launched in the Philippines in Q1 2020, with other Southeast Asian countries to follow in the first half of next year.”




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