Pay by Account operated by Mastercard will support local Australian banking and fintech partners in providing a way to make, receive, and manage everyday payments using a bank account. The solution will utilise the country's new Open Banking framework combined with Mastercard's tokenization, cyber, and anti-fraud technology.
EonX representatives said that they are happy to be expanding on the partnership with Mastercard and to work with the team on these capabilities. This solution will augment the real-time payments landscape whilst offering a level of consumer confidence with bank transfers as a trusted payment channel.
EonX is a financial technology company supporting the next generation of e-wallet, payments, and loyalty platforms which enable business, consumers ,and employees to engage and transact in today's digital world.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.