Mastercard has partnered with Tencent MIDAS, the international payment solution from Tencent, to advance digital commerce across the entertainment sector.
Under the agreement, Mastercard’s “Click to Pay” and tokenisation will be embedded into Tencent MIDAS’s cross-border payment offerings.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The alliance aims to enable users around the world to make quicker, more secure, password-free transactions.
Tencent MIDAS is designed to address the specific needs of digital entertainment businesses and their users.
It will adopt Mastercard’s security capabilities, including tokenisation and biometric verification, throughout its ecosystem.
Tencent MIDAS executive Gang Li said: “This collaboration marks a major step in building a new generation of the global commerce ecosystem. By combining Tencent’s consumer insights with Mastercard’s security expertise, we are setting new standards for digital payments and supporting sustainable growth in the global digital economy.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataTokenisation technology by Mastercard will replace static passwords and card details with secure tokens and biometric authentication on devices.
Meanwhile “Click to Pay” is designed to streamline checkout and enhance trust across all devices and platforms.
Combined, these companies hope to deliver quicker, more dependable checkout experiences and higher user satisfaction within the Tencent MIDAS ecosystem.
Mastercard and Tencent MIDAS have a history of teaming up on fraud prevention, consulting services, and marketing initiatives.
Building on this, they plan to advance intelligent commerce by combining artificial intelligence capabilities with their global digital infrastructure.
The partnership aligns with Mastercard’s goal to phase out manual card entry and fixed passwords across the Asia-Pacific region by 2030.
Mastercard Asia Pacific core payments executive vice president Sandeep Malhotra said: “By bringing Mastercard’s tokenisation and Click to Pay technologies to Tencent MIDAS’s global platform, users worldwide will benefit from faster, safer, and more seamless checkouts. This collaboration sets a new benchmark for digital commerce in one of the world’s most dynamic industries.”
Earlier this month, Mastercard and TerraPay announced a collaboration to expand digital payment capabilities for wallet providers and their users globally.
