Backbase
Backbase and MeaWallet partner to transform digital payment security in Australia and New Zealand
Banks and fintechs set to deliver secure, frictionless digital payment experiences through advanced tokenization technology
AMSTERDAM/SYDNEY – 25 February – Backbase, the global leader in Engagement Banking, announces a strategic partnership with MeaWallet, a leading digital payments enabler specializing in card tokenization. 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:
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 tokenization 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.
Mayank Somaiya
Global Head of Ecosystem Partnerships at Backbase
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
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 tokenization 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
CPO 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 capitalize on this digital transformation opportunity, enabling them to deliver the secure, frictionless payment experiences that modern consumers demand.
Backbase is on a mission to put bankers back in the driver’s seat — fully equipped to lead the AI revolution and unlock remarkable growth and efficiency. At the heart of this mission is the world’s first AI-powered Banking Platform, unifying all servicing and sales journeys into an integrated suite. With Backbase, banks modernize their operations across every line of business — from Retail and SME to Commercial, Private Banking, and Wealth Management.
Recognized as a category leader by Forrester, Gartner, Celent, and IDC, Backbase powers the digital and AI transformations of over 150 financial institutions worldwide. See some of their stories here.
Founded in 2003 in Amsterdam, Backbase is a global private fintech company with regional headquarters in Atlanta and Singapore, and offices across London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico City.
