Mastercard, a global leader in payment solutions, and PrestaShop, a pioneer in e-commerce software, have formed a strategic partnership to enhance online payment systems across Europe.
The partnership between Mastercard and PrestaShop aims to address the growing need for more secure and convenient online payment options in the European market. By introducing the Click to Pay solution, the collaboration seeks to eliminate common barriers in online shopping such as the need for entering card details and remembering passwords.
PrestaShop offers a robust platform for online retailers, supplying tools and integrations that streamline e-commerce operations from inventory management to payment processing. Their platform is tailored to enhance the digital retail experience, making online operations more manageable for merchants.
Click to Pay leverages Mastercard’s expertise in digital payment security with PrestaShop’s platform capabilities to offer a frictionless payment experience. This solution, adhering to EMVCo standards, ensures compatibility and security across various payment networks, thereby promoting wider adoption and enhancing customer trust.
The initial rollout of Click to Pay will benefit merchants in France, Spain, Italy, and the United Kingdom, with plans to expand these services to additional European and international markets in the future. This expansion strategy underscores the commitment of both companies to advance the standard of online payments globally.
Mastercard Executive Vice President, Product and Innovation Valerie Nowak said, “With Click to Pay, we are delivering a tangible response to consumer and merchant demands for faster and safer transactions. This technology represents a significant step forward in the future of digital payments, where efficiency and security go hand in hand.”
PrestaShop Managing Director Eric Senechal added, “We are proud to enable our merchants to benefit from Click to Pay, a technology that represents the future of online transactions. Our partnership with Mastercard reflects our joint commitment to innovate and continually enhance the experience for both merchants and consumers.”