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MasterCard takes on world with MasterPass
Munich, Germany – There is more news in the fast-growing digital wallet sector.
MasterCard and payment gateway solution provider Pay.On are partnering to make the MasterPass digital wallet application available to more than 110 payment service providers (PSPs) via Pay.On’s white label global payment gateway. MasterPass is now available to more than 56,000 Web shops worldwide that route payments through Pay.On’s partners.
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Report: Walmart's Chinese e-commerce firm loses execs
Walmart's Asian business is regrouping after the founders of the retailer's e-commerce arm in China, Yihaodian, have left the company, according to Bloomberg.
The news service reported the company confirmed Wednesday that Yu Gang, Yihaodian’s chairman, and Liu Junling, the CEO, left to start a new venture.

