Mastercard Aims to Tokenize 100% of EU Transactions by 2030
Mastercard reports that nearly half of its e-commerce transactions in Europe are now tokenized, marking significant progress toward its goal of fully tokenizing all EU transactions by 2030. The payment giant is phasing out manual card transactions in favor of secure, seamless digital payment methods like Secure Card on File, Click to Pay, and digital wallets.
Brice van de Walle, Executive Vice President of Core Payments Europe at Mastercard, highlighted growing market confidence in tokenization, with e-commerce tokenized transactions surging by over a third year-over-year. The company is also seeing increased adoption of payment passkeys for digital checkouts.