Backbase has announced a strategic partnership with MeaWallet – a leading digital payments enabler specialising in card tokenisation.
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
Mayank Somaiya, Global Head of Ecosystem Partnerships, Backbase, said: “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.”
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, 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.”