- Unzer partners with Mastercard for open banking payments in Germany, Austria, and Denmark.
- Mastercard’s open banking tech enables secure, direct payments with biometric authentication.
What happened
Unzer has chosen Mastercard as its strategic partner for open banking payments in Germany, Austria, and Denmark. This partnership aims to transform e-commerce payments by integrating Mastercard’s open banking solutions, enabling consumers to pay directly from their bank accounts.
The goal is to build a seamless digital payment ecosystem. Mastercard’s open banking technology will enable secure, account-based payments. Unlike traditional methods, open banking allows customers to make quick, direct payments using familiar authentication processes like biometric verification. This makes online shopping faster, more secure, and more convenient.
“At Unzer, we’re focused on delivering integrated payment solutions,” said Pascal Beij, Chief Commercial Officer. “Partnering with Mastercard lets us elevate that offering and drive innovation, empowering merchants with faster, more efficient payment experiences.”
Valérie Nowak, EVP of Open Banking at Mastercard, added, “We’re excited to evolve account-based payments, making online transactions simpler and more secure. With our advanced open banking technology, we’re providing even more flexible payment options for consumers and businesses in Germany.”
Also read: Mastercard trials enhanced subscription management in the US
Also read: What is open banking? A short guide
Why it is important
This partnership between Unzer and Mastercard is important because it will enhance the speed and security of online payments in Germany, Austria, and Denmark. By integrating Mastercard’s open banking solutions, consumers can pay directly from their bank accounts, bypassing traditional payment methods. This not only speeds up transactions but also improves security by using familiar authentication methods, such as biometrics.
For businesses, this collaboration opens up new opportunities to offer faster, more efficient payment experiences, driving innovation in e-commerce. As consumers demand more seamless and secure payment options, open banking offers a future-proof solution. Mastercard’s technology will allow merchants to tap into a flexible, account-based payment system that enhances user experience while reducing reliance on third-party payment processors. Ultimately, this partnership strengthens the digital payment ecosystem and provides a more convenient way for both consumers and businesses to interact in the online marketplace.
