Paytently, a specialist payments orchestration platform, has teamed up with Mastercard, the global payments giant, to launch Paytently Open Banking powered by Mastercard Open Finance.
The new account-to-account payment option allows customers to pay directly from their bank at checkout, aiming to help merchants improve conversion rates and cash flow, according to FF News.
The partnership comes as Mastercard research shows that more than three-quarters of consumers in leading markets already use open banking.
This demand is fuelling the adoption of instant, account-to-account payments at checkout, giving merchants with “Pay by Bank” functionality a competitive edge.
Paytently brings orchestration expertise to the collaboration, while Mastercard contributes its global open banking connectivity. By combining these strengths, Paytently Open Banking streamlines payments end-to-end, providing secure bank authentication, payment initiation, and enhanced reconciliation within one seamless flow. The system is designed to boost operational efficiency by routing each transaction over the most effective rail, ensuring instant payment confirmation and faster settlement.
Paytently is known for its proprietary orchestration engine, which supports merchants across sectors that require flexible and reliable payment solutions. Mastercard, one of the world’s leading payments networks, has been expanding its open finance capabilities globally, offering secure connectivity, compliance infrastructure, and innovation to financial institutions, FinTechs, and merchants.
The launch of Paytently Open Banking reflects a strong alignment between Mastercard’s global scale and secure open finance infrastructure, and Paytently’s agility and focus on orchestrating complex payments. Together, the companies are bringing an advanced open banking solution to market that promises speed, transparency, and reliability for merchants and their customers.
Samuel Barrett, Paytently co-founder and CEO, said, “This collaboration with Mastercard marks a significant step forward in our mission to deliver robust, scalable payment solutions for sectors that demand more from their payments partner. By combining our orchestration expertise with Mastercard’s open banking technology, we’re enabling merchants to move money faster, reduce operational friction, and ultimately create a more seamless experience for their customers.”
Valerie Nowak, Mastercard EVP, head of open finance APEMEA, said, “Our collaboration with Paytently brings the benefits of open banking payments to more merchants who value speed, transparency, and flexibility in their transactions. By combining Mastercard’s secure open finance infrastructure with Paytently’s expertise in complex payment environments, we’re enabling businesses to offer their customers another trusted and seamless way to pay.”
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