Payment and software provider Unzer has selected Mastercard as its Open Banking partner to help enhance payments powered by the financial data technology.
In Germany, Austria and Denmark, Unzer will work with Mastercard to provide account-based payments for e-commerce across the former’s payment gateways.
Through the partnership, Unzer and Mastercard aim to create a unified digital payment ecosystem by leveraging Mastercard Open Banking-driven solutions, enabling access to the Pay by Bank method.
The partnership will look to offer consumers a more secure and seamless payment option, with the aim to provide greater flexibility when making online purchases.
Pascal Beij, Chief Commercial Officer at Unzer, said: “At Unzer, we are committed to delivering the most integrated payment solutions, and our collaboration with Mastercard allows us to elevate that offering.
“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.”
Open Banking enables bank account holders to make digital payments faster and more secure through the ability to store financial data and other personal information. The transactions are initiated through existing bank authentication processes, including biometric verification
Valérie Nowak, EVP, AP EMEA Open Banking at Mastercard, added: “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”
“For six decades, 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.”
