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Mastercard reportedly to remove manual card number entry for online payments and replace it with a token system in Europe by 2030

Beginning in 2030, Mastercard will eliminate the need for Europeans to manually enter their card numbers during online checkout, regardless of the platform or device used.

The familiar 16-digit card number will be substituted with a randomly generated ‘token.’ This change will enable consumers to complete payments with a single click at the checkout page, authenticated by a thumbprint.

Mastercard reported that 100% tokenization across e-commerce sites will reduce fraud rates dramatically.

The way we pay for products and services online will feel very different in the coming years.

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