Backbase and MeaWallet partner to transform digital payment security in Australia and New Zealand

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.