Mastercard follows Visa with One Credential launch

The news: Mastercard rolled out One Credential, a solution that lets consumers pay with multiple payment methods through one digital credential, per a press release.

• It will include options to pay with debit, credit, prepaid, or installments.
• Users will be able to set their payment preferences online or in app based on transaction type, value, and time.

Australia-based Bendigo Bank and UAE-based Wio Bank, have already signed up to issue the credentials to their customers. Mastercard also scored partnerships with payment providers like i2c, Marqeta, and Galileo Financial Technologies.