The news: Mastercard rolled out One Credential, a solution that lets consumers pay with multiple payment methods through one digital credential, per a press release.

It will include options to pay with debit, credit, prepaid, or installments.
Users will be able to set their payment preferences online or in app based on transaction type, value, and time.

Australia-based Bendigo Bank and UAE-based Wio Bank, have already signed up to issue the credentials to their customers. Mastercard also scored partnerships with payment providers like i2c, Marqeta, and Galileo Financial Technologies.

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Mastercard follows Visa with One Credential launch

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