Verizon and Mastercard use 5G to reimagine payments

Contactless Payment

Mastercard has shed further light on its recent partnership with Verizon Business, which aims to spur 5G-based innovation within the payments industry.

The partnership plans to use real-time edge computing and IoT sensors to deliver innovations ranging from contactless shopping and autonomous checkout technology to cloud-based point-of-sale systems.

Joel Henckel, senior VP of US market acceptance at Mastercard, told PYMNTS that Verizon and Mastercard's respective...