Mastercard plans to fully tokenize e-commerce transactions in Europe by 2030 for enhanced security and reduced fraud.
Mastercard plans to have all e-commerce transactions in Europe "100% tokenized" by 2030, replacing sensitive payment details with unique digital identifiers to enhance security and reduce fraud. Tokenization, introduced in 2014, currently accounts for 25% of global online payments. The shift aims to benefit shoppers, retailers, and card issuers by increasing convenience and reducing fraud rates.
June 18, 2024
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