Services digital payment without using the bank card, a project fintech between Mastercard and Microsoft.
© Mastercard / Microsoft
“There will be markets and use cases in which the technology of payment cards will not necessarily be in the best position to optimize a stream of payment specific or solve a particular need of the customer,” said Michael Miebach, product manager for Mastercard.
The card issuer bank has just announced its partnership with Microsoft, for which he has been associated in the development of its payment technologies digital. Microsoft is a real lever with its cloud computing service Microsoft Azure, a competitor to AWS (Amazon Web Service), with which they share the storage of the internet sites of the world.
Ultimately, the technologies developed by the two american giants will be beneficial for the online business and startups. Mastercard explains that the solutions of digital payment won’t necessarily by the use of the bank card. ” Mastercard, therefore, focuses on the identification and prosecution of the segments where there are opportunities beyond the map “.
Microsoft was also pleased with this partnership. The executive vice-president of the commercial division world Microsoft mentions that ” we are looking forward to building on our strong relationship and accelerate co-innovation to help connect and stimulate a digital economy for all people, everywhere. “
The fintech, not to be missed for cloud platforms
This announcement comes in a context all of its own. On 15 July, Amazon said that it had entered into a contract with the bank HSBC for its digital transformation. Of what understand the importance of the strategy that will follow the cloud platforms in the coming time, to seek to hand on new technologies, digital payment, which will be located on the global internet.
Amazon and its AWS solutions have for the moment chosen to enter the market by partnering directly with a bank when Microsoft seems to have typed strong privileging third-largest issuer of bank cards in the world (after UnionPay and PayPal) with its 2.02 billion of users (numbers at the end of 2018).
On the side of Mastercard, this is not the first announcement of the year in the area of strategy fintech. With its program ” Fintech Express “, the listed company announced the deployment of its special program to help startups to launch their business through a platform offered by its infrastructure and technical solutions.