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"Unlike Apple Pay or Google Pay, Mastercard’s biometric solution will likely not need a user to enrol a card into a wallet on the device. Instead cards will be automatically tokenised and enrolled into Click to Pay."

I think this is key. Currently, Click to Pay requires users to enroll with an email and password, and to provision their cards into the wallet. That is tough sledding. The issue is that the card networks don't have access to my PII as a cardholder. The Financial Institutions do. This is where a wallet like Paze has a competitive advantage, at least for now. The Paze wallet is owned by the major banks, and the participating financial institutions provide access to the PII and the card data that enables a no-enrollment and no-provisioning experience.

If Click to Pay is going to have a chance at success, the networks need to figure out the onboarding flow.

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