MasterCard wants its own rewards

MasterCard will build a loyalty and rewards business in Australia.

MasterCard's group head of loyalty solutions for Asia-Pacific, Chris Fendley, said: "The services we offer in the region at the moment are predominantly insurance and cardholder benefits, such as lounge access.”

"MasterCard has a range of loyalty services that it has developed in the US and Europe. What we will be doing is putting all those assets together, giving the business the resources it needs to build scale and work on growing throughout Asia."

Source: Banking Day