Mastercard and Subaio have collaborated on a service that allows customers to easily identify and unsubscribe from subscriptions.
Consumers in the United States have an average of 12 media and entertainment subscriptions, with millennials having an average of 17. According to Mastercard, the rise in these types of transactions makes it increasingly difficult for customers to keep track of – and unsubscribe from – their numerous recurring payments.
The payments giant has collaborated with Subaio, one of its Start Path startup programme firms, on a solution that will be provided to banks in North America and Europe. Banks can provide subscription control to their clients via a single API.
