Nexi, a leading European PayTech, has chosen Mastercard as its strategic partner as it looks to support open banking account-based payments across Europe.
The partnership aims to revolutionise e-commerce payments across Europe by leveraging open banking account-based payment solutions.
By combining Nexi’s extensive payment infrastructure with Mastercard’s expertise in open banking, the two companies seek to enhance payment experiences and offer consumers more choice and security when shopping online.
Nexi brings its extensive experience and robust payment gateways to the partnership. The Milan-based firm aims to expand its capabilities in open banking and provide merchants with innovative solutions for real-time payment authorisation and settlement, ultimately enhancing customer convenience and driving growth in the digital payments landscape.
Mastercard’s expertise in open banking technology and global payments infrastructure is set to be instrumental in driving the partnership forward. By leveraging their Banking-powered solutions, the company aims to offer consumers and businesses access to more innovative payment experiences, ensuring secure and seamless transactions across Europe.
Bart Willaert, EVP, International Open Banking at Mastercard, stated, “We are excited to lead the development of an account-based payment method that will make online purchases more seamless and secure as well as expand payment choice in partnership with Nexi. We have been powering and protecting our global payments network and the broader digital ecosystem for more than five decades, and now Mastercard’s innovative open banking technology will offer consumers and businesses across Europe access to more innovative payment experiences.”
Omar Haque, Head of eCommerce at Nexi, added, “We are thrilled to announce our strategic collaboration with Mastercard, through which we will harness the power of its open banking solutions in Europe to scale and enhance our capabilities, and boost customer convenience in payments. By partnering with Mastercard and capitalising on its leadership and expertise in open banking, as well as its trusted payments infrastructure, we further enhance our ability to facilitate the transition to a digital first payments landscape in Europe.”
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