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Mastercard: New Use Cases Prep for ‘Total’ eCommerce Tokenization by 2030

  • Mastercard plans to phase out the need for entering card numbers, passwords, and one-time codes by 2030, aiming for all transactions to be tokenized.
  • Tokenization has been successful in streamlining digital payments, reducing fraud, and enabling secure transactions across platforms.
  • Mastercard's tokenization service, MDES, currently tokenizes over 30% of transactions globally.
  • The company is exploring new use cases for tokenization, such as car payments and commercial transactions, to increase security and transparency.

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