MasterCard & BMW Present Contactless Credit Card

BMW and MasterCard have jointly presented a contactless MasterCard credit card that can be used to hire, unlock and operate a BMW or MINI vehicle from the DriveNow car – sharing fleet.
Although MasterCard and BMW are continuing to develop and introduce this new smart mobility solution, this may be a competitive threat for Amex as it seems that the contactless payment method is gaining more traction, especially with Apple Pay already in use by consumers. That being said, contactless payment methods such as ApplePay are not available to all consumers and is not being utilized by everyone.