SYDNEY – 25 February 2025 – Backbase, the global leader in Engagement Banking, has announced a strategic partnership with MeaWallet, a leading digital payments enabler specialising in card tokenisation. This collaboration addresses the rapidly growing demand for secure, seamless digital payment experiences in the region’s competitive banking landscape. 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
“In today’s digital-first economy, financial institutions must deliver payment experiences that are both frictionless and secure,” said Mayank Somaiya, Global Head of Ecosystem Partnerships at Backbase. “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. This partnership represents a significant step forward in our mission to help financial institutions create superior banking experiences in Australia and New Zealand.”
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 at 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.”
Thomas B Normann, Chief Product Officer at MeaWallet
As digital payments continue to dominate the financial landscape in Australia and New Zealand, with mobile wallet transactions surging in the past year, this partnership addresses a critical market need. Together, Backbase and Mea Wallet are positioned to help financial institutions capitalise on this digital transformation opportunity, enabling them to deliver the secure, frictionless payment experiences that modern consumers demand.
About Backbase
Backbase is on a mission to re-architect banking around the customer. We are the creators of the Engagement Banking Platform – a composable platform that empowers banks to accelerate their digital transformation through progressively modernising their main customer journeys. From onboarding, to servicing, lending and investing, our platform streamlines every aspect of the customer and employee journey. Pre-integrated with leading core systems and cutting-edge fintechs, it enables institutions to unlock innovation at scale, driving instant value creation.
Industry analysts Forrester, Gartner, Celent, Omdia and IDC continuously recognise Backbase’s category leadership. Over 150 financials around the world have embraced the Backbase Engagement Banking Platform — including AIB, Banorte, Barclays, BIAT, Bank of the Philippine Islands, BDO, BNP Paribas, Banque Saudi Fransi, BRD, Citibank, Discovery Bank, First National Bank, HDFC, Ila Bank, KeyBank, Lloyds Banking Group, NatWest, Navy Federal Credit Union, OTP Group, PostFinance, Raiffeisen, Standard Bank, Saudi National Bank, Société Générale, and TPBank.
Backbase is a private fintech company, founded in 2003 in Amsterdam (Global HQ), with regional offices in Atlanta (Americas HQ), Cardiff, Dubai, Hyderabad, Kraków, London, Mexico City, Singapore (Asia HQ), Sydney, and Toronto. Visit www.backbase.com for more information.
About MeaWallet
MeaWallet by Paymentology is the centre of excellence within mobile and digital payments and mobile wallets, providing state of the art certified technology in 20+ countries. As one of Europe’s leading companies within mobile payments, we provide our customers with a short time-to-market with high-quality products.
In close relationships with Amex, Mastercard, Visa, NXP and other key organisations, we are at the forefront of the mobile payments space. We are an organisation with a mix of seasoned and experienced subject matter experts together with young entrepreneurs who constantly challenge technology. This combination has proven to be unique and has given us credit with customers, partners and the FinTech industry in general. Visit https://meawallet.com/ for more information.
