MeaWallet partners with Backbase

The partnership will deliver advanced tokenisation solutions in Australia and New Zealand

MeaWallet, a leader in tokenisation and digital payment solutions, has announced its partnership with Backbase, the creator of the Engagement Banking Platform. This collaboration aims to deliver innovative tokenisation solutions to issuers and fintechs across the Australian and New Zealand markets. 

The partnership will feature two groundbreaking solutions: Mea Push Provisioning and Mea Card Data. These solutions will enable issuers and fintechs to efficiently activate OEM (Original Equipment Manufacturer wallets), including popular options such as Apple Pay, Google Pay, and Samsung Pay.

Furthermore, the Mea Card Data solution will empower 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, known for its new-generation Engagement Banking Platform, allows financial institutions to modernise customer journeys and re-architect their business operations around the customer. By integrating MeaWallet’s tokenisation solutions, Backbase can further enhance the digital experiences it delivers to financial institutions across Australia and New Zealand.

Mayank Somaiya, global head of ecosystem partnerships at Backbase, said: “In today’s digital-first economy, financial institutions must deliver payment experiences that are both frictionless and secure. 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. This partnership represents a significant step forward in our mission to help financial institutions create superior banking experiences in Australia and New Zealand.”

Thomas B Normann, chief product officer at MeaWallet, added: “This partnership with Backbase represents a significant step forward in digital payments innovation for Australia and New Zealand. 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.”

With the rise of digital payments, secure and efficient solutions are more critical than ever. This partnership between MeaWallet and Backbase is poised to enhance the payment landscape in Australia and New Zealand, ensuring that issuers and fintechs can offer their customers the best possible experience.

The move comes not long after MeaWallet and B89 joined forces.

Image: Dan Freeman on Unsplash

Robert Welbourn Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.