For governments and operators
Instant Payment Service
Real-time clearing and settlement for bank account payments
Bulk Payment Service
Support bulk processing and batch payments
Multi-Proxy Service
Allow payments using an alternative recipient identifier
Infrastructure solutions
Services to modernize your digital economy
For financial institutions
Bill Pay
Support billing and consumer bill payments via your app
Pay by Account
Enable retail payments from a bank account in store and online
Mastercard Send™
Make instant payments and disbursements using a card number
Cross-Border Services
Send money abroad to bank accounts, digital wallets, cards and cash
Open banking solutions
Stay protected in the global open banking ecosystem
For retail and commerce
Bill Pay
Send digital payment requests and communicate with payers
Pay by Account
Accept retail payments from an account or digital wallet in store and online
Mastercard Send™
Make instant payments and disbursements using a card number
Cross-Border Services
Send money abroad to bank accounts, digital wallets, cards and cash
Open banking solutions
Connect to the global open banking ecosystem
For digital partners
Bill Pay
Support billing and consumer bill payments via your app
Pay by Account
Enable retail payments from an account or digital wallet in store and online
Mastercard Send™
Make instant payments and disbursements using a card number
Cross-Border Services
Send money abroad to bank accounts, digital wallets, cards and cash
Open banking solutions
Connect to the global open banking ecosystem
For everyone
Financial crime solutions
Ecosystem solutions to prevent fraud and money laundering
Reporting and analytics
Data analysis and insights to optimize your business
Consulting solutions
Advice and execution support from Mastercard Advisors
Open Banking has the potential to transform not only how banks operate, but how and even why consumers and businesses choose to work with them. The industry must address key challenges now to enable the adoption of Open Banking-enabled solutions at scale. This includes:
- Developing standardised mechanisms by which banks and third-party providers (TPPs) interact
- Establishing ecosystem-appropriate solutions to maximise security and minimise participants’ exposure to fraud
- Providing clarity and consistency in how to manage enquiries and resolve disputes
Ultimately, the success of Open Banking will rest on it being largely invisible to end-users, be they consumers, SMEs or corporates. This will require a relentless focus on removing friction from the experience of all stakeholders – not just end-users but also the developers and TPPs that will play an integral role in shaping the future customer experience.
Download the white paper to learn more.
- Delivering on the promises of Open Banking
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