Mastercard, a global leader in payment technology, has been honored with the 2024 Shoplazza Awards - Partner of the Year for its transformative contributions to cross-border e-commerce. By delivering secure, efficient, and innovative payment solutions, Mastercard has become an essential partner for merchants expanding their reach into global markets. Through its collaboration with Shoplazza, a leading e-commerce SaaS platform, Mastercard has tackled critical payment challenges, enabling merchants to unlock new growth opportunities while ensuring a seamless customer experience worldwide.
Secure Payments as a Growth Catalyst
In the fast-paced world of cross-border e-commerce, payments are a pivotal link between merchants and consumers. Smooth, secure transactions directly impact order completion rates and customer satisfaction. However, many merchants face significant challenges when expanding internationally, including payment security concerns, complex checkout processes, and low acceptance rates for international cards. These issues not only hinder business growth but also increase the risk of customer attrition and damage to brand reputation.
Mastercard and Shoplazza have forged a strategic partnership to address these hurdles, delivering integrated payment solutions that empower merchants to scale their operations globally. The partnership is grounded in a shared commitment to innovation and growth, offering merchants tools that enhance efficiency and security while capturing new market opportunities.
Strengthening Fraud Prevention with Global Insights
Through its Ethoca Collaboration Network, Mastercard provides merchants with real-time access to critical fraud and dispute data, minimizing the risks associated with chargebacks. This innovative solution enables merchants to significantly reduce chargeback rates, improve card acceptance, and avoid costly fraud-related losses. By addressing these pain points, Mastercard empowers merchants to focus on scaling their businesses with confidence, knowing their transactions are secure and protected.
Redefining Checkout with Click to Pay
Mastercard’s Click to Pay solution ushers in a new era of frictionless payments, streamlining the checkout process for consumers and merchants alike. Registered users can skip tedious manual card entry; instead, they complete transactions by entering their email address and verifying their identity through a dynamic one-time password.
This seamless experience enhances convenience and security, benefiting millions of Mastercard Click to Pay users on the Shoplazza platform. Merchants leveraging this solution have reported significant improvements in overseas order conversion rates, enabling them to reach broader customer bases while simplifying the purchasing journey.
Creating a Unified Payment Ecosystem
Shoplazza’s commitment to fostering an open and collaborative ecosystem is exemplified by its seamless integration of Mastercard’s payment technologies. This partnership has created a unified payment infrastructure, equipping merchants with cutting-edge tools to navigate the complexities of cross-border commerce.
By combining Mastercard’s advanced risk management capabilities with Shoplazza’s robust e-commerce platform, the two companies have delivered tailored payment solutions that address global payment risks while enabling seamless transactions. For instance, Mastercard’s Click to Pay technology has helped Shoplazza merchants expand their international customer base and unlock new revenue streams.
One Shoplazza merchant highlighted the impact of adopting Mastercard’s Click to Pay, noting a marked improvement in checkout efficiency and a significant boost in overseas order conversion rates.
Building a Future-Ready Payment Ecosystem
Mastercard’s leadership in global payments is rooted in its relentless focus on innovation and its deep understanding of cross-border commerce. Its partnership with Shoplazza exemplifies how technological collaboration can drive industry transformation.
“Through our partnership with Shoplazza, we’ve delivered innovative payment solutions that address the unique challenges of cross-border e-commerce,” said a Mastercard representative. “We’re committed to helping merchants stay ahead by providing cutting-edge tools that enhance payment security and convenience, enabling them to thrive in global markets.”
The Mastercard-Shoplazza partnership goes beyond technology integration. It represents a shared vision of a smarter, more efficient payment ecosystem that empowers merchants to succeed on a global scale.
As they deepen their collaboration, Mastercard and Shoplazza remain focused on driving innovation, enhancing risk management, and delivering unparalleled payment solutions. Together, they are shaping the future of e-commerce—one that prioritizes security, efficiency, and sustainability in an ever-evolving digital economy.
About Mastercard
Mastercard is dedicated to “Powering Economies and Empowering People.” Operating in over 200 countries and territories, Mastercard collaborates with a global network of partners to create a sustainable, inclusive economy. Offering a diverse range of digital payment solutions, Mastercard ensures every transaction is safe, smart, and seamless. By integrating cutting-edge technology and strategic partnerships, Mastercard connects 3.3 billion cardholders with over 150 million merchants, unlocking unparalleled opportunities for businesses and consumers alike.
