MasterCard has unveiled MasterPass that will give consumers the ability to pay from wherever they are – online, in-store or on their smartphones – with their digital wallet using one button.

Users can choose to pay from a list of pre-stored cards and shipping addresses kept securely in the digital wallet, removing the need to manually enter payment details as is necessary with most existing online payment systems.

Eddie Grobler, MasterCard Australasia divisional president, said MasterPass will speed up the checkout process.

“It’s about convenience, accessibility and security,” he said.

“Australian consumers want to embrace mobile payments, and MasterPass is a crucial step in the evolution from plastic cards to digital wallets.

“With MasterPass, consumers can safely do their grocery shopping on the train on the way home from work, or make a last minute gift purchase on their lunch break, without the need to re-enter card and shipping details.”

Australia is the first market to deliver the digital wallet with partners including Westpac, Commonwealth Bank, NAB, ME Bank, JB Hi-Fi, AHL, Harvey Norman, Roses Only, Merchant Warrior and Paycorp signing on.

“As Australia’s leading technology and entertainment retailer it’s vital we play a role in shaping the future of digital transactions. MasterPass represents a genuine step change for Australian retailing. By empowering our customers with a safe, efficient, innovative payment solution we’re able to ensure every JB Hi-Fi experience online is a satisfying one,” Richard Murray, CFO, JB Hi-Fi, said.