MasterCard launches digital wallet platform

[SINGAPORE] MasterCard yesterday launched its digital payment service, MasterPass, in Singapore. This service lets consumers store information from various kinds of cards, including credit and debit, issued by participating banks in "digital wallets".

After the initial set-up, shoppers will bypass the rigamarole of entering their 16-digit card number along with details like mailing address and shipping information each time they buy something from a me…