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Mercury Adds Digital Wallet Compatibility

Mercury Financial continues to make waves in a record-breaking year. The near-prime lender has announced its credit card portfolio – including the popular Mercury Mastercard – is compatible with digital wallets, including Google Pay, Apple Pay, and more.

Mercury Adds Mobile Wallet Compatibility

The Mercury Mastercard now features digital wallet compatibility. Mercury Financial, the issuer of the popular cash back card for near-prime consumers, as well as two co-branded airline cards with Spirit Airlines, announced earlier this week that its credit cards will now be available for digital wallets, increasing accessibility to payment platforms for underrepresented communities.

Effective immediately, Mercury Mastercard®, Free Spirit® Points Mastercard®, and Free Spirit® Points Plus Mastercard® cardholders can now utilize digital wallet and tokenization capabilities to make in-store, in-app and online payments at participating merchants from their Apple®, Google® or Samsung® smart devices.

“This is a major milestone for Mercury Financial and allows us to fulfill our mission of providing digital solutions that help customers achieve improved credit and, subsequently, less financial stress in their everyday lives,” said Andy Shah, chief technology officer at Mercury Financial, in a statement. “By maximizing a customer’s mobile experience through security and simplicity, we are one step closer to a more financially inclusive world.”

“Maximizing Momentum”

Mercury Financial’s addition of mobile wallet compatibility offers the advantages of safety, rewards, and convenience to customers focused on rebuilding credit. The benefits of digital wallets include encrypted data to keep card account numbers safe upon payment and consistent rewards across both digital and physical credit cards. In addition to the benefits of digital wallets, customers receive enhanced security and ease of use when saving their credit card information with merchants participating in tokenization.

“We are maximizing our momentum by introducing mobile payment options to our customers and believe in our technology’s power to build Americans up in a recovering economy,” added James Peterson, CEO of Mercury Financial. “As technology continues to advance and digital wallets are more frequently used, Mercury Financial is dedicated to providing our expanding customer base with best-in-class products that exceed expectations.”

Mercury Enjoying a Highly Successful 2021

2021 has been a big year for Mercury Financial. Q3 2021 saw the company provide access to more than $300 million in credit for new account holders – a 350% increase from the same period in 2020. The company also increased its physical space, with two new warehouse facilities to help fund growth in Mercury Financial’s credit card portfolio and support the origination of more near-prime credit card accounts.

Related Article: Study: Half of Americans Store Financial Information Online

Featured image by mohamed_hassan / PixaBay
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Cory Santos

Cory is BestCards.com's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.