vobapay Partners with Mastercard for Open Banking Payments

vobapay, the technology partner for modern payment solutions with cooperative roots, and Mastercard are entering into a strategic partnership. As part of this collaboration, vobapay will integrate Mastercard’s Open Banking technology into its platform. This will enable companies working with vobapay to offer their customers secure and fast account-to-account (A2A) payments directly at checkout.

Direct payments without detours

Open Banking makes it possible to pay invoices or online purchases directly via bank login — in compliance with PSD2 and with strong customer authentication (e.g., fingerprint or Face ID). The advantage: no need to enter card details. This reduces purchase abandonment and provides instant payment confirmation. For merchants, it means faster cash flow, reduced risk, and significantly simplified processes.

An upgrade for the payment process

Just as smartphones become better and more secure through regular updates, Open Banking delivers a genuine upgrade for digital checkout. Payments are made directly from the bank account, in real time, and with maximum security. Businesses benefit from lower costs compared to traditional payment methods, faster incoming payments for improved liquidity, strong customer authentication with minimal chargeback risk, and higher conversion rates thanks to a smooth payment process.

Valerie Nowak, Executive Vice President, Head of Open Finance APEMEA at Mastercard, says:

“Our partnership with vobapay is an important step in making the benefits of Open Banking more widely accessible. Together, we are creating a solution that enables seamless and secure account-to-account payments — for both consumers and businesses. With this cooperation, we are setting new standards for efficient, transparent, and trustworthy digital payment experiences.”

Ralf Linden, CEO of vobapay, adds:

“With Mastercard Open Finance, we are expanding our portfolio with a solution that creates clear added value in both B2C and B2B environments. Consumers benefit from a fast, familiar, and secure checkout experience, while merchants can increase their conversion rates and reduce purchase abandonment.

For B2B companies, there are additional advantages: especially for large transaction volumes or recurring invoices, direct account-to-account payments provide greater speed, security, and transparency — without card limits and with stable liquidity. Together with Mastercard, we are setting a new standard in digital payments: efficient and free of unnecessary complexity.”