Tokenization in open banking Open banking is a concept that involves the sharing of financial information and data between banks or other financial institutions and third-party service providers through the use of APIs. It aims to create a more open and interconnected financial ecosystem by allowing customers to securely share their financial data with authorized third parties. This is quite a big deal, as banks have held a monopoly on customer financial data. Open banking initiatives seek to break down this monopoly and promote competition, innovation, and consumer choice, yielding different ..read more

Two-Factor Authentication support for Mea Service Portal MeaWallet has implemented Two-Factor Authentication for Mea Service Portal, which is fantastic news for both remote users of the portal and the person in your organization responsible for data security. In case you were wondering, here’s why this is important. While the pandemic of the early 2020s threw many spanners into tons of works, it also pathed the way for remote working. The flexibility and convenience coming with working from home are a boon for most people and a bane for those responsible for the organization’s IT security. The ..read more

Announcement: MeaWallet is going cloud native! There it is: Due to popular demand, we are switching our hosting platform to AWS, which means our services will go cloud native. This is a fairly big change under the hood, which will yield oodles of benefits for everyone involved, including you – if you’re a customer, that is! So, let’s dive into some of these benefits and some background of cloud-native architectures and applications, shall we? What does “cloud native” mean? According to our new cloud service provider, AWS, “Cloud-native applications are software programs that consist of mu ..read more

Over half the world’s population will use mobile wallets by 2025, says Boku study More than one in two people will use a mobile wallet by 2025, as cash is increasingly displaced, finds a study from mobile payments company, Boku. This equates to an increase of 2.7 to 4.8 billion wallets in use globally in the next four years. Leading the way in this transition is Southeast Asia, with a 25.5% compound annual growth rate (CAGR) and an expected overall growth of 311% in the next five years. The rise in e-commerce, and the dominance of super-apps like Grab and Gojek – particularly in markets such ..read more

MeaWallet acquires BankLaunch After more than a year in development and several strategic partnerships, BankLaunch platform has been acquired by MeaWallet and will power the upcoming MeaPay product launch. ”We are proud to announce our acquisition of BankLaunch. The synergies between our companies has been clear since our initial partnership, and the resources and people in BankLaunch will bolster our tech and overall tea, in a time where speed to market is crucial” says Nuno Sitima CEO of MeaWallet. MeaPay is a revolutionary payment processing system enabling merchants to ..read more

Our tokenization platform just got better! We have released a new version of our tokenization platform MTP I-TSP (Mea Token Platform Issuer to Token Service Provider, if you were wondering).  When we set to update our tokenization platform, we wanted to improve on three things: Making it easier and faster to implement, easier to maintain, and letting you do more with less.  So, let’s have a look at what’s new! Out-of-the-box On-Behalf-Of rule engine If you’re wondering what this mouthful of words and hyphens means: Imagine that a cardholder wants to add their payment card to Google P ..read more

What to look for in a token management tool? Tokenization has introduced a world of opportunities and new features to the payment industry. However, tokenization’s rise in popularity comes with its own challenges. Tokens are created faster and more frequently than regular payment cards and thus lifecycle management is more important than ever.  This change of pace can cause unexpected resource drains for businesses. Luckily, there are tools that can both help manage tokens and gather insight into how, and when they are used and created.  We have outlined the most important criteria t ..read more

Digital Debit and Credit Cards and why they’re a big deal When it comes to functionality, the mobile phone is the undisputed, modern-day Swiss army knife of personal appliances. Contrary to the latter, everyone and their dog carry one in their pocket. While the mobile phone can’t be used to sharpen sticks for grilling sausages to open bottles (at least, we wouldn’t recommend it), its applications when it comes to mobile consumer banking cover more and more miles.  Today, we’ll look at the simple convenience of retrieving your debit and/or credit card information. Fetch your physical card ..read more

Introducing the MeaWallet roadmap! Have you wanted to be able to look into the future? If so, good news – your wish is granted! Today, we launched the MeaWallet roadmap, where you can get an overview of what features have been released, which ones we are currently working on, and which ones we plan to implement in the future. And that is exactly how the navigation is set up. You can select between “released,” “in progress,” “planned,” and “candidate” to see which features are available now and when you can expect important updates to happen. The features are further sorted by product for ..read more

Hi everyone, It’s been a while since our last blog post, so we wanted to get things back up with a bang: Mastercard has listed MeaWallet as one of only three (as of October 2022) Digital First Integration Providers in the USE category! Before we get into celebrating our laurels, let’s have a look at what the title signifies. In Mastercard’s words, Digital First is A proven consumer journey that engages consumers across the payment lifecycle Meaning someone who fully or in part “delivers an innovative and secure digital card experience that makes it easier to pay and enjoy the value of the card ..read more