Digital payment company MeaWallet has partnered with banking software fintech Backbase to deliver tokenisation solutions to issuers and fintechs in Australia and New Zealand.
The partnership will feature Mea Push Provisioning and Mea Card Data solutions that enable issuers and fintechs to activate OEM (original equipment manufacturer wallets), including options such as Apple Pay, Google Pay and Samsung Pay.
The Mea Card Data solution also enables fintechs and select issuers to provide cardholders with secure access to sensitive card details directly within the issuer’s application, leveraging MeaWallet’s PCI DSS certified infrastructure.
Backbase helps financial institutions modernise their customer journeys and re-architect their business operations around the customer. By integrating MeaWallet’s tokenisation solutions, Backbase can bolster the digital experiences it delivers to financial institutions across Australia and New Zealand.
“In today’s digital-first economy, financial institutions must deliver payment experiences that are both frictionless and secure,” said Mayank Somaiya, global head of ecosystem partnerships at Backbase.
“By offering MeaWallet’s advanced tokenisation capabilities with Backbase’s Engagement Banking Platform, we’re enabling banks and fintechs to accelerate their digital transformation while maintaining the highest security standards.”
Thomas B Normann, CPO at MeaWallet, also added: “By combining our proven digital card and tokenisation expertise with Backbase’s Engagement Banking Platform, we’re enabling financial institutions to deliver secure, seamless payment experiences that meet evolving consumer demands while maintaining the highest security standards.”
AI level 0 of 5: researched, written and edited by Claire Woffenden without generative AI; only everyday tools such as spelling and grammar checkers were used. What the levels mean
