Mastercard has announced a plan to phase out credit card number by 2030 to stamp out any types of fraud

Credit cards

Mastercard has announced plans to remove the 16-digit number from their credit and debit cards by 2030 in a move designed to stamp out identity theft and fraudulent use of cards. Source: Pixabay

Usap Tayo
View Podcast Series

Get the SBS Audio app

Other ways to listen

With the numerous identity theft and fraudulent use of cards, Mastercard has announced a plan to phase out credit card number by 2030.

Key Points
  • The numbers currently used to identify cards will be replaced with tokenisation and biometric authentication.
  • The first rollout of these numberless cards will be through a partnership with AMP Bank.
  • Removing the credit card number is the latest attempt to curb fraud.
LISTEN TO
UT CREDIT CARD image

Mastercard has announced a plan to phase out credit card number by 2030 to stamp out any types of fraud

SBS Filipino

04/02/202508:51
RELATED CONTENT:

How can I have an easier time paying off my credit card debt?

Fraud victim warns others of online marketplace scam

Share

Latest podcast episodes

Primary school girl packs their school bags, preparing for school.

Usap Tayo: New school bags or supplies? How do you prepare for your kids going to school

Real estate agents, pilots and paramedics are among Australia's top most searched dream jobs

Usap Tayo: What are the 'most searched dream jobs' for people in Australia?

More than 15 million Australians have set a New Year's resolution for 2025

Usap tayo: Make it 'SMART': Setting goals for the New Year

Female using a dating app on smart phone

Usap tayo: Keeping dating app users out of trouble