Payments News

Global

Mastercard bids to bypass own rails with Pay by Bank app promotion

“Mastercard has recruited PPRO Group to help push the uptake of of its Pay by Bank app to merchants in the UK. Pay by Bank enables customers of UK businesses to make online payments for goods and services via their banking app, and directly from their bank account. The app was developed by Zapp, a unit set up by VocaLink in 2013 with the aim of bringing real-time mobile payments – in store, online and through apps – to millions of Brits by integrating its system into bank apps and tapping into the Faster Payments rails.”