Paytently and Mastercard partner to launch next-generation open banking payment solution
Summary
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance — an account-to-account checkout option that lets customers pay directly from their bank. The solution merges Mastercard’s open banking connectivity with Paytently’s payment orchestration to deliver secure bank authentication, payment initiation and enhanced reconciliation within a single flow. Paytently’s orchestration engine routes each transaction over the most effective rail for instant payment confirmation and faster settlement. The partners say the offering is designed to boost merchant conversion rates, improve cash flow and reduce operational friction. The solution will be presented at SBC Summit Lisbon (16–18 September 2025), where Paytently is a Platinum Headline Sponsor.
Key Points
- Paytently Open Banking, powered by Mastercard Open Finance, provides an account-to-account “Pay by Bank” option at checkout.
- Combines Mastercard’s secure open finance infrastructure with Paytently’s orchestration layer for authentication, initiation and reconciliation.
- Intelligent routing over optimal payment rails enables instant confirmation and quicker settlement.
- Designed to increase merchant conversion, speed up cash flow and reduce operational overheads.
- The partnership will be showcased at SBC Summit Lisbon, 16–18 September 2025.
Why should I read this?
If you’re in payments, e‑commerce or iGaming, this is one of those practical updates that actually affects how quickly money moves and how tidy your reconciliations are. Open banking is already mainstream in leading markets, so adding pay-by-bank can lift conversions and slash settlement times. We’ve done the reading for you — here’s the short, useful version that tells you what changes and why it matters to revenue and ops.
Source
Source:https://next.io/news/b2b-news/paytently-and-mastercard-partner/
