Backbase and MeaWallet partner to transform digital payment security in Australia and New Zealand
Backbase, the global leader in Engagement Banking, have announced a strategic partnership with MeaWallet, a leading digital payments enabler specialising in card tokenisation.
This collaboration addresses the rapidly growing demand for secure, seamless digital payment security experiences in the region’s competitive banking landscape.
The partnership introduces two innovative solutions that will transform how financial institutions deliver digital payment services:
- Mea Push Provisioning: Enables rapid deployment of digital wallet solutions including Apple Pay, Google Pay, and Samsung Pay, significantly reducing time-to-market for new payment offerings
- Mea Card Data: Provides PCI DSS-certified infrastructure that allows secure in-app access to card details, enhancing the customer experience while maintaining robust security standards
“In today’s digital-first economy, financial institutions must deliver payment experiences that are both frictionless and secure,” said Mayank Somaiya (pictured), Global Head of Ecosystem Partnerships at Backbase. “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.”
The collaboration comes at a crucial time, as digital wallet adoption in Australia and New Zealand continues to rise. All issuers and fintechs partnering with Backbase can now:
- Launch digital wallet solutions up to 60% faster
- Reduce operational complexity through out-of-the-box integration
- Enhance security while improving customer experience
- Meet evolving regulatory requirements through certified infrastructure
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.”
As digital payments continue to dominate the financial landscape in Australia and New Zealand, with mobile wallet transactions surging in the past year, this partnership addresses a critical market need.
Together, Backbase and Mea Wallet are positioned to help financial institutions capitalise on this digital transformation opportunity, enabling them to deliver the secure, frictionless payment experiences that modern consumers demand.
