Mastercard reinforces open banking applicability in the UK through new partnerships with Currensea and Secure Trust Bank
In brief:
-Currensea is joining Mastercard’s start-up engagement open banking programme Start Path
-Start Path’s open banking programme hosts a resource for start-ups to scale and develop open banking products.
-Secure Trust Bank has formed a partnership to develop retail finance repayment solutions, including the use of Mastercard’s open banking technology to process account-to-account payments for its customers
What does this mean?
These partnerships confirm the upward trajectory of UK open banking and Mastercard’s pivotal role within the industry. Chris Higham, Secure Trust Bank’s head of payments and cards, recognises that ‘with Mastercard’s open banking platform, we’re able to offer our customers more choice when making retail finance repayments’.
