Mastercard Partners with NatWest for Online Payments

Mastercard, a global technology company in the payments industry, announced that it has expanded the partnership with NatWest, a major retail and commercial bank in the United Kingdom, to extend reach of Pay by Bank app (PbBa).

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Powered by Mastercard, PbBa is a new, easy-to-use payment method that lets people pay online, quickly and securely, from their banking app. It removes the need for the user to create additional accounts, logins or passwords as it is powered by the same security measures and technology as the linked banking app.

With this partnership, PbBa will be available across the NatWest Group brands: NatWest, Royal Bank of Scotland, Ulster Bank and Coutts. To make online payments, from a smartphone or desktop, the user simply clicks the PbBa button at checkout, which directs them to their existing banking app to complete the payment, without needing to input any payment or personal detail.

Free to use PbBa will be made available for all NatWest mobile banking customers by the end of next year, as it becomes the latest major high street bank to join the eco-system making it available to almost half of all UK mobile banking users.

“We are pleased to be expanding our relationship with Mastercard to offer Pay by Bank app as another option for our customers to pay – offering additional choice and convenience,”said Salim Secretary, Head of Payment Schemes and Partnerships, NatWest Group.

“Pay by Bank app is the next evolution in online payments and this partnership with NatWest will make it available to even more people across the UK,”Suren Nawalkar, Senior Vice President, Consumer Applications at Mastercard added.