MasterCard joined Tencent's effort to connect existing e-wallets with overseas card payments, which could bring more purchases to its network. The report gives no firm terms or results, so the benefit is still unproven.
This could let more people use wallets they already have at merchants connected to MasterCard abroad. That gives MasterCard another way to handle payments across countries. The report describes an understanding, not completed connections or promised sales.
Visa joined Tencent's effort to connect existing e-wallets with overseas card payments, which could bring more purchases to its network. The report gives no firm terms or results, so the benefit is still unproven.
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