Mastercard Brings Apple Pay to Customers
A safer, more secure and private way to pay with iPhone and Apple Watch
Mexico City, February 23rd, 2021- Mastercard, a leading technology company in the payments industry, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash while using the power of iPhone to protect every transaction.
Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, restaurants, retail stores, and many more places.
Apple Pay will be initially available to Citibanamex and Banorte Mastercard cardholders, who will be able to make in-app purchases as well buy in-store and pay in any terminal that accepts contactless payments. Coming soon, it will be available to Inbursa Mastercard cardholders.
“We are pleased to partner with our issuers to bring Apple Pay to Mexico. The way we shop is evolving. Consumers are more than ever moving away from cash and opting for contactless and digital payments experiences; and this is exactly what Apple Pay provides. With this launch, Mastercard continues to strengthen its commitment to more secure digital payments and offer to Mexican cardholders a safe and seamless shopping experience,” said Kiki Del Valle, Senior Vice-President, Digital Payments, Mastercard Latin America & Caribbean.
Customers can also use Apple Pay on iPhone to make faster and more convenient purchases in apps without having to create accounts or repeatedly type in shipping and billing information. Apple Pay makes it easier to pay for food, grocery deliveries and online shopping, among other things. Apple Pay can also be used to make payments in apps on Apple Watch.
Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.
Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap +, and follow the steps to add Mastercard’s credit or debit cards. Once a customer adds a card to iPhone and Apple Watch, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and beneﬁts offered by Mastercard cards.
For more information on Apple Pay, visit: http://www.apple.com/mx/apple-pay