Mastercard Achieves Major Milestones in Advancing Secure Digital Payments Across Europe One Year After Committing to Full Tokenisation
One year after unveiling its plan to phase out manual card entry and achieve complete tokenisation, Mastercard is marking impressive progress throughout Europe. An increasing number of partners and merchants are embracing innovative technologies that make digital transactions safer and more efficient than ever before.
Today, tokenised transactions now represent almost half of Mastercard’s e-commerce activity in Europe. Over the past twelve months, the volume of these secure payments—including Secure Card on File (SCOF), Click to Pay, and digital wallet transactions—has risen by more than 33%.
Merchant tokenisation via Secure Card on File (SCOF) is currently implemented in 45 European countries and territories. This solution enhances security by replacing traditional card details with dynamic, merchant-specific tokens, which significantly lowers fraud risk while improving payment approval rates.
Meanwhile, the Click to Pay service has expanded its footprint to 26 European markets, with user registrations more than doubling in the last year. This development offers a streamlined checkout experience for returning customers, reducing friction and speeding up the payment process.
In addition, payment passkeys are emerging as a revolutionary authentication method. By enabling users to authenticate through biometric factors such as fingerprint or facial recognition, passkeys remove the reliance on passwords, providing a faster and more secure way to verify identity.
Mastercard has also onboarded a host of new partners over the past year to accelerate the adoption of these seamless digital payment solutions. Key collaborators supporting tokenisation include Checkout.com, Delivery Hero’s platforms (eFood, Foody, Foodora, and Glovo), Global Collect (Worldline), Monext, and Santander.
In the Click to Pay arena, partners like Autopay, Consors Finanz BNP Paribas, Fiserv, ICA Banken, Lendable, Nickel, N26, Ogone (Worldline), PayU, SaferPay (Worldline), SIX, and tPay have joined forces with Mastercard to make digital payments faster and easier.
For payment passkeys, innovators such as Dintero, Netopia, and Solidgate are working closely with Mastercard to bring this next-generation authentication technology to users across Europe.
With these advances, Mastercard is reinforcing its leadership in transforming digital commerce security, accelerating the transition to fully tokenised payments and reducing the reliance on manual card entry throughout Europe.
Mastercard research reveals that 54% of Europeans find it frustrating to create an account during checkout, while 82% experience some degree of annoyance with complicated, friction-filled payment processes.
To tackle these challenges, Mastercard and its partners are implementing solutions like passkeys that replace passwords, secure autofill of card information, and encrypted token technology—making the checkout experience both safer and easier for users.
Mastercard will keep collaborating with partners throughout the region to broaden access, increase consumer awareness, and speed up adoption, driving forward its goal of achieving full tokenisation and authentication by 2030.
