Unzer Leverages Mastercard Open Banking Solutions to Enable Consumers Pay by Bank Access

Payment and software solutions provider, Unzer, has selected payments giant Mastercard as its strategic open banking partner in Germany, Austria and Denmark. Through a new partnership, the two entities plan to enhance open banking account-based payments to power e-commerce payments across Unzer’s payment gateways.

By leveraging open banking-driven solutions from Mastercard to enable access to pay by bank, Unzer hopes to create a unified digital payment ecosystem. Through this initiative, Unzer will look to offer consumers a more secure and seamless payment option, providing greater flexibility when making online purchases.

In contrast to traditional payment methods, open banking enables any bank account holder to make fast digital payments directly to a merchant. These transactions are initiated through existing bank authentication processes, including biometric verification, making the payment process both straightforward and efficient.

“At Unzer, we are committed to delivering the most integrated payment solutions, and our collaboration with Mastercard allows us to elevate that offering,” said Pascal Beij, chief commercial officer at Unzer. “By tapping into Mastercard’s trusted open banking infrastructure, we can drive innovation and empower merchants with faster, more convenient payment experiences that meet the needs of today’s digital economy.”

“We’re thrilled to drive the evolution of an account-based payment solution that will streamline online transactions, enhance security, and broaden payment options through our collaboration with Unzer” said Valérie Nowak, EVP, APEMEA open banking at Mastercard. “For six decades years, Mastercard has been safeguarding and powering the global payments landscape, and with our cutting-edge open banking technology, we’re now offering consumers and businesses in Germany even more flexible payment experiences.”

The post Unzer Leverages Mastercard Open Banking Solutions to Enable Consumers Pay by Bank Access appeared first on The Fintech Times.

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