Paytently launches open banking payments with Mastercard

Payment solutions provider Paytently has launched Paytently Open Banking powered by Mastercard Open Finance, enabling customers to pay directly from their bank accounts at checkout.

The solution aims to boost merchant conversion rates and speed up cash flow. The platform will be showcased at the SBC Summit in Lisbon, September 16–18, 2025, where Paytently is a Platinum Headline Sponsor.

Mastercard research shows over three-quarters of consumers in key markets use open banking, driving demand for instant account-to-account payments. Merchants with “Pay by Bank” options gain a competitive edge.

Paytently Open Banking combines Mastercard’s connectivity with Paytently’s orchestration engine to streamline payments. It offers secure bank authentication, payment initiation, and faster settlement, all in a single workflow.

“This collaboration with Mastercard marks a significant step forward in our mission to deliver robust, scalable payment solutions for sectors that demand more from their payments partner,” said Samuel Barrett, Co-Founder and CEO of Paytently.

He added that by combining Paytently’s orchestration expertise with Mastercard’s open banking technology, merchants can move money faster, reduce operational friction, and provide a more seamless experience for customers.

Valerie Nowak, EVP, Head of Open Finance APEMEA at Mastercard, said the collaboration brings fast, transparent, and flexible open banking payments to more merchants.

“By combining Mastercard’s secure open finance infrastructure with Paytently’s expertise in complex payment environments, we’re enabling businesses to offer their customers another trusted and seamless way to pay," Nowak added.