Mastercard teamed up with Germany-based fintech

AEVI and MPGS will initially focus on Europe with further expansion opportunities

Mastercard AEVI

Mastercard teamed up with Germany-based fintech. Source: pexels.com

Mastercard Payment Gateway Services (MPGS) and AEVI have announced an expanded partnership to use their combined technologies to simplify the omnichannel shopping experience.

AEVI integrates payments and data across all customer channels by providing an independent open platform.

This platform, combined with MPGS’ digital gateway services, provides merchants another choice that brings payments across multiple touchpoints in-store and online.

By providing easy access to any payment technology and business solution, the partnership will help banks, acquirers, PSPs, ISOs, and ISVs drive digital efficiency across their payment experiences.

In addition to the commercial relationship, Mastercard will become a minority investor in AEVI, along with existing shareholders Diebold Nixdorf, HPE Growth Capital, and Schroder Adveq, with Diebold Nixdorf remaining as the majority shareholder. The financial terms of the companies’ investments were not disclosed.

The commercial relationship and equity investment between Mastercard and AEVI will help accelerate AEVI's goal to become an industry-standard platform for face-to-face payment integration. AEVI will be better positioned to support all of its customers, and to pursue more market opportunities, and to do so more rapidly
Mike Camerling, AEVI's CEO

We’ve reported that the Aussie debit card payment system is rolling out new anti-fraud tools.

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