Verizon, Mastercard partnering on 5G contactless payments

Verizon, Mastercard partner on 5G contactless payment

Financial services giant Mastercard and cellular network provider Verizon announced Tuesday plans for a partnership that would facilitate 5G contactless payments for consumers and small- and medium-sized businesses. By 2023, the two companies hope to create a fully touchless retail experience by using smartphones, smart watches and other personal devices as points of sale.

While larger businesses have long had the resources to bring in contactless payment solutions, the partnership between...

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