Payment Services Austria (PSA) has selected Switzerland-based software company Netcetera as its software partner to deploy a white-label wallet solution for end customers.
The implementation of Netcetera’s digital wallet for PSA is based on its scheme-certified product suite ToPay. Hence, the wallet is dubbed as the ‘ToPay Mobile Wallet’.
The digital wallet integrates directly with the banking apps customers use.
The addition of the digital wallet to PSA will enable its banking clients or card-issuers in the country to offer value-added payment services to end customers.
It will enable them to digitise their physical debit and credit cards to make contactless or peer-to-peer payments using the apps.
The wallet now supports Mastercard debit cards, in addition to Maestro, which will help accelerate the digital transformation of the Austrian payment industry.
It also offers secure and faster digital payments to end customers and uses PSD2-compliant strong customer authentication (SCA) for onboarding.
Netcetera managing director of secure digital payments Peter Frick said: “Since April 2020, we have been supporting Mastercard debit cards in the wallet in addition to Maestro, and in the second half of the year, we will also support credit cards for PSA.
“With the digitization of the latest generation of Mastercard debit cards, end customers now have a digital card for paying for their daily purchases, as well as for international travel.”
Netcetera head of sales digital finance CEE & SEE Martin Zeisel added: “The ToPay Mobile Wallet enables the tap to pay for mobile devices based on the leading international card payment systems.
“The integration into the existing banking app – where cardholders already check their account balance and transactions – gives them the security to try the new payment functions and pay faster without taking out their physical wallet.”