Nexi, a leading payment technology company in Europe, has partnered with Mastercard to support open banking account-based payments across the continent. This collaboration aims to enhance e-commerce payments for merchants using Nexi's gateways. Through Mastercard Open Banking solutions, the partnership will create a secure and seamless payment ecosystem, offering consumers more choices when shopping online. This collaboration aligns with evolving customer expectations for fast and frictionless digital payments.

Pradnya Gugale, Senior Analyst at Quadrant Knowledge Solutions, stated that “Nexi and Mastercard’s partnership will enable consumers with swift and secure digital payments and provide merchants with real-time payment authorization and settlement, leading to improved cash flow and revenue management. This partnership will provide consumers across Europe with digital payment convenience, wider payment options, and improved security thereby embracing the frictionless payment experience”.

Author: Pradnya Gugale, Senior Analyst at Quadrant Knowledge Solutions