Nexi, a leading force in European PayTech, has forged a strategic alliance with Mastercard to propel open banking account-based payments throughout Europe, marking a significant stride in the continent’s payment ecosystem. This collaboration seeks to revolutionize e-commerce transactions across Europe by tapping into the potential of open banking account-based payment solutions.
By amalgamating Nexi’s robust payment infrastructure with Mastercard’s adeptness in open banking technologies, the duo endeavors to elevate payment experiences while furnishing consumers with a wider array of choices and fortified security measures during online purchases. Nexi, headquartered in Milan, brings to the table its wealth of experience and resilient payment gateways, aiming to amplify its foothold in open banking and furnish merchants with avant-garde solutions for real-time payment authorization and settlement.
Ultimately, this venture aims to augment customer convenience and galvanize growth in the digital payments realm. Mastercard’s prowess in open banking technology and its extensive global payments network is poised to play a pivotal role in propelling this partnership forward. Leveraging their Banking-powered solutions, the company envisions granting consumers and businesses access to cutting-edge payment experiences, fostering secure and seamless transactions across Europe.
Bart Willaert, EVP of International Open Banking at Mastercard, expressed enthusiasm about spearheading the development of an account-based payment method, emphasizing its potential to streamline online purchases and enrich payment choices. He highlighted Mastercard’s longstanding commitment to fortifying global payments networks and digital ecosystems, asserting that their innovative open banking technology will unlock novel payment experiences for consumers and businesses alike across Europe.
Omar Haque, Head of eCommerce at Nexi, echoed this sentiment, heralding the strategic collaboration with Mastercard as a milestone in enhancing Nexi’s capabilities and amplifying customer convenience in payments. By harnessing Mastercard’s leadership and expertise in open banking, as well as its trusted payments infrastructure, Nexi endeavors to facilitate the transition to a digital-first payments landscape in Europe, propelling the industry towards greater efficiency and innovation.