LONDON — Paying for items and services online may feel very different in the future years. Starting in 2030, Mastercard will no longer require Europeans to manually enter their card information when checking out online, regardless of platform or device.
Mastercard plans to tokenize all cards issued on its network in Europe by 2030. In other words, instead of the familiar 16-digit card number, a randomly generated “token” will be used for transactions.
The company says it has been working with banks, fintechs, merchants, and other partners to eliminate manual card entry for e-commerce in Europe by 2030, in favour of a single-click button across all online platforms.
Source (CNBC)
