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News

11 February 2013

HEADLINE NEWS MasterCard Reports 700,000 Merchants Worldwide Accepting PayPass Published: Feb 8 2013 Merchant locations accepting PayPass cards and applications on mobile devices stood at nearly 700,000 globally at the end of 2012, MasterCard Worldwide an

Merchant locations accepting PayPass cards and applications on mobile devices stood at nearly 700,000 globally at the end of 2012, MasterCard Worldwide announced this week.

That is up from almost 550,000 contactless merchant locations worldwide supporting PayPass that MasterCard said were operational at the end of the third quarter of 2012 and about 500,000 PayPass locations at the end of the second quarter of 2012. MasterCard said there were 311,000 PayPass locations at the end of the first quarter of 2011. 

Almost 40% of the global PayPass locations at the end of 2012 were in Europe, or more than 255,000. Most of the remainder are in the United States, Canada and Australia, along with a few contactless hotspots in Asia.

MasterCard recently reported a 28% year-over-year increase in PayPass merchant locations in Asia-Pacific, the Middle East, and Africa in the fourth quarter of 2012. The payment scheme listed Australia, Taiwan, South Korea, Singapore, New Zealand, South Africa and the United Arab Emirates as key growth markets in these regions in its announcement.

http://nfctimes.com/



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