Latest news with #DigitalFirst
Business Wire
3 days ago
- Business
- Business Wire
Mastercard and PayPal to Partner on Mastercard One Credential to Supercharge Choice at Checkout
PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard (NYSE: MA): 'We're excited to empower consumers with more choice and control over how they pay together with PayPal, building on our collective strength of global payments innovation,' said Bunita Sawhney, Chief Consumer Product Officer at Mastercard. What we are saying Mastercard and PayPal are teaming up to offer shoppers more choice and control over how they check out. Mastercard has innovated One Credential so that consumers can use a single credential that delivers multiple ways to pay and tailor their payment preferences. Whether shopping online or in store, shoppers will be able to use a single credential – no more juggling between multiple cards or payment methods. Now, Mastercard and PayPal will have the opportunity to codevelop new features utilizing Mastercard's One Credential and bring these solutions to more consumers. Mastercard and PayPal are excited to partner on bringing innovative payment solutions to customers. What it means Today's digitally savvy consumers are driving a paradigm shift in payments, demanding choice, control and personalization. Gen Zers, in particular, are embracing personalized solutions tailored to their preferences, according to Mastercard research. These insights sparked the creation of One Credential, announced earlier this year, with several key partners committing to bring the solution to consumers globally. As consumers' preferences evolve throughout their lives, financial institutions can offer more ways to pay. With a single card and a simple Digital First experience, consumers can access multiple payment options as they progress on their financial journeys. Hear from the experts "We are excited for the opportunity to innovate together with Mastercard,' said Chris Sweetland, SVP of Partnerships at PayPal. 'We both want to reduce friction for consumers and bring them more power over how they pay.' 'We're excited to empower consumers with more choice and control over how they pay together with PayPal, building on our collective strength of global payments innovation,' said Bunita Sawhney, Chief Consumer Product Officer at Mastercard. 'With One Credential, we're delivering the personalized digital experiences that build consumer confidence and trust.' Going deeper One Credential can also help PayPal users build healthier financial habits, as they progress from debit to structured credit, such as installments, on their path to credit worthiness. Mastercard is rolling out One Credential as a network-level capability worldwide, enabling issuers at scale to empower consumers with choice and control. This extends Mastercard and PayPal's longstanding partnership on payments solutions, including PayPal Debit Mastercard and PayPal Business Debit Mastercard. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. About PayPal For over 25 years, PayPal has been at the forefront of the digital commerce revolution. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.
Cision Canada
27-05-2025
- Business
- Cision Canada
BMO Ranked First in EMARKETER's 2025 Canada Mobile Banking Features Benchmark Français
TORONTO, May 27, 2025 /CNW/ - BMO today announced it ranked first in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for the second consecutive year. The recognition reflects BMO's leadership in digitally-enabled, customer-focused solutions with its Mobile Banking app, achieving top rankings in categories including account management, alerts, digital money management, and security. This recognition demonstrates the ongoing success of BMO's Digital First journey and builds on the bank's strong track record of industry recognition. "This recognition is a testament to our commitment to create innovative digital experiences to meet our customers where they are and support their financial journey," said Peter Poon, Head, Digital Self-Service, Innovation and Technology, BMO. "Our strategy continues to be guided by a focus on helping customers make real financial progress." EMARKETER's 2025 Canada Mobile Banking Features Benchmark is a ranking of leading Canadian financial institutions based on mobile banking service capabilities, weighted by customer demand on 42 features across six categories. BMO has maintained its position as a market leader among the six categories including Account Management, Alerts, and Digital Money Management categories; the bank also ranked first in Security for the first time. For more information about EMARKETER's 2025 Canada Mobile Banking Features Benchmark, please visit: For more information on BMO's tools and resources available to help customers set, track, and manage their personal finances, please visit: About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
Yahoo
27-05-2025
- Business
- Yahoo
BMO Ranked First in EMARKETER's 2025 Canada Mobile Banking Features Benchmark
TORONTO, May 27, 2025 /CNW/ - BMO today announced it ranked first in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for the second consecutive year. The recognition reflects BMO's leadership in digitally-enabled, customer-focused solutions with its Mobile Banking app, achieving top rankings in categories including account management, alerts, digital money management, and security. This recognition demonstrates the ongoing success of BMO's Digital First journey and builds on the bank's strong track record of industry recognition. "This recognition is a testament to our commitment to create innovative digital experiences to meet our customers where they are and support their financial journey," said Peter Poon, Head, Digital Self-Service, Innovation and Technology, BMO. "Our strategy continues to be guided by a focus on helping customers make real financial progress." EMARKETER's 2025 Canada Mobile Banking Features Benchmark is a ranking of leading Canadian financial institutions based on mobile banking service capabilities, weighted by customer demand on 42 features across six categories. BMO has maintained its position as a market leader among the six categories including Account Management, Alerts, and Digital Money Management categories; the bank also ranked first in Security for the first time. For more information about EMARKETER's 2025 Canada Mobile Banking Features Benchmark, please visit: For more information on BMO's tools and resources available to help customers set, track, and manage their personal finances, please visit: About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. SOURCE BMO Financial Group View original content:
