Brazil-based payments platform Juspay has become the first provider in Latin America to integrate Mastercard’s Click to Pay.
Click to Pay offers one-click online card payments for shoppers, significantly reducing authentication time by linking cards to Mastercard accounts, eliminating the need to enter card details or passwords multiple times.
This service will be accessible to 129 million users in Brazil. Juspay aims to alleviate the high cart abandonment rate, which exceeds 80% in the Brazilian e-commerce market.
Shakthidhar Bhaskar, director of LATAM expansion at Juspay, remarked, “This launch with Mastercard marks a major milestone in our efforts to shape the future of payments in Brazil. The collaboration simplifies payments for merchants and provides consumers with a faster, safer, and more consistent checkout experience that aligns with Brazil’s rapid adoption of digital payments.”
Earlier this month, Juspay partnered with HSBC to launch a full-stack digital acquiring platform for global merchants.