March 21st 2024

Mastercard and Nexi have formed a European partnership for open banking payments.

Mastercard's Open Banking technology will expand the range of online payment options via Nexi and strengthen seamless, secure digital payments across Europe

Eschborn, March 21, 2024 – The Nexi Group has selected Mastercard as a strategic partner to support open banking payments across the E-commerce platforms operated by Nexi. The collaboration with Mastercard will facilitate E-commerce payments through Nexi Group businesses, serving merchants across Europe.

Mastercard and Nexi will collaborate to develop an integrated digital payment experience aimed at offering consumers enhanced payment options during online shopping, thereby advancing open banking payment solutions.

Unlike traditional payment options, Open Banking allows anyone with a bank account to initiate fast digital payments directly to a merchant's account. Payments are made seamlessly and efficiently through the consumer's bank account, and the arrangement enables online shops to better meet consumer expectations for quick and convenient payment experiences.

"We are excited to collaborate with Nexi to further the adoption of account-based payment methods, making online purchases more seamless and secure while expanding the range of payment options," says Bart Willaert, EVP, International Open Banking at Mastercard. "For over five decades, we have built and evolved global payment networks, and our innovative Open Banking technology will provide consumers and businesses across Europe access to more innovative payment experiences in the future."

"We are pleased to announce this strategic partnership with Mastercard, which will enhance our capabilities to expand our offering of payment solutions, ensuring that we always support the payment methods that customers demand and prefer," says Omar Haque, Head of eCommerce at Nexi. "Collaborating with Mastercard and their expertise in the field of Open Banking payments will further enhance our opportunities to drive digital payments forward in Europe."


About Mastercard
Mastercard is a global technology company in the payments industry. Our goal is to advance an inclusive digital economy that benefits all, enabling secure, simple, and smart payments anytime, anywhere. With secure data and networks, strong partnerships, and passion, our innovative products and solutions help individuals, financial institutions, governments, and businesses unleash their full potential – across more than 210 countries and territories.


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