Pay with Rewards is a Digital Innovation for MasterCard Holders

By: Rebecca Byers - Jul 21, 2015
References: banktech & masterpass
Built around the MasterCard's MasterPass mobile app, Pay with Rewards is an innovative pre-selected options that allows cardholders to pay with the reward points they have earned. The creative app function is one that cohesively marries the credit card company's loyalty program and its digital payment innovations. Customers using the Pay with Rewards option in the MasterPass app will be able to use their points toward in-store and online purchases alike.

With plans to expand its usage to more countries and to roll out the technology with some of its issuers, the innovative Pay with Rewards program points to the infinitive possibilities brought to light by digital payment technology. The service also allows for cardholders to receive cash value for the points they have earned without any kind of inconvenience or extra work.

Other MasterCard innovations supported by the dynamic MasterPass "mobile wallet" system include ShopThis!, which enables in-magazine purchases.