Paytently launches open banking payments with Mastercard | Yogonet International
Summary
Payment solutions provider Paytently has launched Paytently Open Banking powered by Mastercard Open Finance, enabling customers to pay directly from their bank accounts at checkout. The solution is designed to boost merchant conversion rates and speed up cash flow by offering secure bank authentication, payment initiation and faster settlement in a single orchestrated workflow. Paytently will showcase the platform at the SBC Summit in Lisbon (16–18 September 2025), where it is a Platinum Headline Sponsor.
Key Points
- Paytently Open Banking enables direct account-to-account payments from customers’ bank accounts at checkout.
- The service combines Mastercard Open Finance connectivity with Paytently’s orchestration engine for authentication, payment initiation and settlement.
- Aims to improve merchant conversion rates and accelerate cash flow by reducing friction in the payment flow.
- Mastercard research cited: over three-quarters of consumers in key markets use open banking, driving demand for instant bank payments.
- The platform will be showcased at SBC Summit Lisbon (16–18 Sept 2025), increasing industry visibility.
- Senior executives from Paytently and Mastercard highlight faster money movement and a more seamless customer experience as key benefits.
Why should I read this?
Short and blunt: if you care about checkout drop-off, fees or getting cash in the door quicker, this matters. Mastercard pushing open banking with a payments orchestrator means ‘pay by bank’ could become a serious alternative at checkout — handy for merchants and platforms wanting cheaper, faster settlements.
Author style
Punchy: a tidy tie-up between a payments orchestration specialist and a major card network that could shift how merchants handle online payments. Read if you deal with payments, iGaming or e-commerce.
