Priya Patel
TLDR:
- Nexi and Mastercard team up to enhance open banking payments across Europe.
- Mastercard’s open banking technology will offer secure, seamless, and more choice for consumers when shopping online.
Article Summary
Nexi and Mastercard are collaborating to advance open banking payments across Europe. This partnership aims to provide more choice and power seamless, secure digital payments. Mastercard’s open banking technology will enable e-commerce payments across Nexi’s gateways for merchants in Europe. Open banking allows swift digital payments initiated through existing authentication protocols, offering easy and efficient payment experiences. Merchants will benefit from real-time payment authorization and settlement, improving cash flow management. By leveraging innovative technologies, merchants can meet customer expectations for fast and frictionless payments.
In a statement, Bart Willaert, EVP, International Open Banking at Mastercard, expressed excitement about leading the development of an account-based payment method to make online purchases more seamless and secure. Omar Haque, Head of eCommerce at Nexi, stated that the partnership with Mastercard will enhance capabilities, boost customer convenience, and facilitate the transition to a digital-first payments landscape in Europe.
Overall, the collaboration between Nexi and Mastercard aims to create an integrated digital payment ecosystem that offers secure, seamless, and innovative payment experiences for consumers and businesses across Europe.
