Aiia, an open banking firm owned by Mastercard, and Paytrail, a Finnish online payment provider, jointly announced that they are facilitating more than 1 million open banking payments each month. Paytrail, which is powered by Mastercard’s open banking platform, enables more payment alternatives and reduces friction in online purchases. Using this approach, the payment is initiated straight from a user’s bank account without having to manually enter payment information or navigating between kludgy applications and interfaces.
Paytrail, Mastercard Team to Boost Open Banking
