Mastercard has enhanced its offering with the launch of Click to Pay in collaboration with payment service provider (PSP) Foloosi.
The collaboration means that the PSP has made the payment method available across its full merchant base.
Gina Peterson-Skyrme, Vice President and Country Business Development Lead, UAE and Oman, Mastercard, commented: “As Mastercard, we invite leading industry players – PSPs, merchants, acquirers, and issuers – to partner with us in shaping the future of payments as we bring the latest technologies to the markets we serve.
“Click to Pay is rapidly gaining momentum across the payment ecosystem, bringing superior security and convenience to users. With this launch, we take another step in supporting the UAE’s digital transformation journey.”
Through the partnership, the embedded Click to Pay solution becomes the preferred payment method for guest checkout for Foloosi´s merchants and consumers.
Tapping into tokenization, Mastercard is seeking to improve the checkout flow for consumers and merchants, taking aim at a seamless payment experience while concurrently reducing fraud and increasing conversion rates.
Omar Bin Brek, Founder & CEO, Foloosi, added on the deal: “The launch of Click to Pay in partnership with Mastercard provides a new opportunity for our merchants and acquirers to improve the consumer online shopping experience and to positively impact their bottom line. We are confident that the move will support the growth of e-commerce and benefit merchants by eliminating guest checkouts.”