News

Payair Technologies AB has built and implemented SEB’s new Masterpass digital wallet in Sweden. Masterpass is a digital wallet developed by Mastercard that securely stores payment and shipping information ensuring an easy and convenient shopping experience from smartphones, tablets and computers. The Masterpass wallet is now ready to use by SEB’s customers in Sweden.

SEB has approximately 4 million private individual customers in Sweden and the Baltic countries. Of these some 1.3 million are home bank customers. In addition, SEB has around 27,000 private banking customers in and outside Sweden.

Payair Technologies AB has built and implemented a Masterpass digital wallet for SpareBank1.

Masterpass is developed by Mastercard and makes it possible to pay anytime from for example,smartphones, computers and tablets, and with all types of cards. Card- and shipping information are stored comfortably and securely in Masterpass.

The SpareBank 1 Alliance is Norway’s second largest financial services grouping. The Alliance consists of independent banks that are fully-fledged providers of financial products and services to private individuals, firms and organisations. The Alliance wants customers to feel that the SpareBank 1 Alliance is the best in terms of its closeness, local identity and competence. The Alliance has an overall workforce of about 7,000, of whom about 1,200 are attached to SpareBank 1 Gruppen and SpareBank 1 Banksamarbeidet with subsidiaries.

Stockholm-based Payair is the next fintech company to join the ranks of Swedish tech wonders. When Mastercard recently released its international list of vendors with solutions for digitized card portfolios, Payair was ranked highest of all companies.

Payair is the only company to qualify for the list’s platinum level. This means that Payair is the global vendor that has supplied and operates the most well-tested and quality-assured products to Mastercard and their customers.

– The fact that Payair ranks as Mastercard’s only platinum vendor in the world is a huge quality stamp on our work. It shows that we understand the entire process – from card issuer to consumer – and it is an acknowledgment that we have the required experience and skills to deliver certified solutions for large financial institutions, says Sören Babra, CEO and founder of Payair.

Since the start in 2009, Payair has become a specialist in mobile payment solutions, e-commerce systems and digital wallets. The company has partnered with many of the largest card issuers in the Nordics and global giants like Mastercard and Visa. With its mobile card portfolio developed in collaboration with Mastercard, Payair is now taking the lead in the development of the digital payment industry.

Integrated with Mastercard’s global digital platform MasterPass, Payair’s digital wallet makes it possible to pay directly with a smartphone online and in physical stores. The touch of a button or a scan activates the application that authenticates the user before completing the purchase by credit or debit card from Mastercard or Visa.

– Together with Payair we have developed a digital card portfolio that not only meets the required security rules and functional requirements, but also makes it possible for our customers to tailor the design according to their graphic profiles and specific functions. These are the details that improve the payment experience, says Mats Taraldsson, Digital Business Development Manager for Mastercard in the Nordics and the Baltics.

Targeting new markets
Since the partnership with Mastercard was initiated just over a year ago, Payair has partnered with many of the major card issuers in the Nordic market. With an industry-leading platform for mobile commerce and payment solutions for financial institutions and a recent top ranking from Mastercard, Payair is now targeting new markets globally.

– We currently have agreements with Mastercard and many of the largest banks in the Nordics. The interest in our solutions is growing at a record pace, which shows that Payair’s delivery performance and stability is appreciated by the market. The innovative ability to find new digital payment solutions that are both flexible and fun to use is becoming more and more important for the industry of mobile and digital payment solutions, says Sören Babra.

Today, Resurs Bank and Mastercard announced the launch of Loyo Pay, the first digital wallet in Sweden to introduce omni-channel shopping capability, making it available for commerce in every channel – online, in app and in-store. Sweden is the first country in Northern Europe to offer a payment solution that is fully digitizing the plastic card by integrating Masterpass.

Resurs Bank has been offering Mastercard’s digital service Masterpass since its launch in Sweden at the end of 2015 and is also offering Mastercard cards with NFC chips. In the application Loyo Pay, Masterpass is combined with NFC-technology and MDES, the digital platform for tokenization, making it possible to completely digitize plastic cards in every channel. With Loyo Pay, joining these services and technology, consumers can enjoy a quick and easy payments experience no matter where they shop, while at the same time being protected by the most advanced security methods.

”Today’s Swedish launch of a digital omni-channel wallet integrating Masterpass is a clear example of the connected trend in which consumers expect easy, safe and secure payment experiences everyday of their lives. The expansion of Masterpass represents an important evolution for our digital strategy in the Nordics,” says Mats Taraldsson, Head of Market Development Mastercard Nordics and Baltics.

By integrating Masterpass in Loyo Pay, the application can be used for online payments at over 290 000 merchants globally. It can additionally be used for card payments using a smartphone in-store in 77 countries at over 6 million merchants who accept contactless payments via NFC-technology (Near Field Communication). Everyone with a Mastercard card issued by Resurs Bank can use Loyo Pay for in-store payments and the function will first be available for Android devices that support NFC. The Masterpass component will continue to be an open solution as it can be used by everyone, no matter who they bank with, where the consumer can use all kinds of cards, both Mastercard as well as other brands.

”Loyo Pay is the first actual digital omni-channel wallet in Sweden that lets you pay with your mobile both online and in-store. The mobile has always been talked about as the wallet of the future, and now we are actually making it a reality”, says Joakim Wallin, Head of Cards at Resurs Bank.

The new service is based on MDES (Mastercard Digital Enablement Service), the digital platform for tokenization, and on MCBP (Mastercard Cloud Based Payments), the technology for cloud based payments. Loyo Pay has been developed in close collaboration with Payair Technologies.

”Resurs Bank and Mastercard are forefront actors when it comes to delivering access to new and easy methods of payments online, in-app and in-store. We look forward to keep innovating and leveraging customer-focused solutions together with our partners”, says Sören Babra, CEO and founder Payair Technologies.

The application Loyo Pay is free and will be available for download through Google Play in the nearest future. Consumers with a card issued by Resurs Bank can register their interest already today at www.loyo.se

Payair Technologies AB has built and implemented Swedbank’s new Masterpass wallet.

Masterpass is a digital wallet developed by Mastercard that securely stores payment and shipping info, making shopping for customers easy and convenient from smartphones, computers and tablets, and with all types of cards. The Masterpass wallet is now available for Swedbank’s and the Savings Bank’s customers in Sweden.

Today ResursBank AB launched its digital wallet based on MasterCards™ digital wallet MasterPass™. Payair has been responsible to custom build the wallet to fit ResursBanks needs.

Following the launch of Masterpass in Sweden in 2015, Resurs Bank is now the first bank to launch the service in Norway. With Masterpass consumers can add cards and shipping addresses into a “digital wallet”, which makes online payments easier, faster and safer.

Resurs Bank launches its digital wallet in Norway, which becomes available to anyone with a Norwegian BankID. Users of Masterpass, who are customers at Resurs Bank, do not need to enter shipping addresses and card details when making a purchase, as these are uploaded automatically.

Masterpass is developed by Mastercard and makes it possible to pay anytime, from, for example, smartphones, computers and tablets, and with all types of cards. Card- and shipping information are stored comfortably and securely in Masterpass.

 “By launching our digital wallet, we make it easier for customers to shop online. From our experience in Sweden, we know that consumers appreciate our digital wallet with its simplicity and high security. I expect that our Norwegian customers will appreciate the service, and that it will strengthen Resurs Bank’s offering in Norway” says Joakim Wallin, Head of Cards at Resurs Bank.

 “We are pleased that Resurs Bank is among the first issuers to launch Masterpass in Norway and after the summer, we expect that more Norwegian issuers will offer Masterpass. Today you can shop using Masterpass at over 270,000 merchants in 31 countries and more Nordic merchants are added all the time” says Mats Taraldsson, Head of Market Development Mastercard Nordic and Baltic region.

The solution is developed by Payair Technologies AB.

 “By being the first bank to launch Masterpass in the Norwegian market Resurs Bank is now the front runner when it comes to enabling new solutions to simplify online shopping for their customers. Resurs Bank have continued to show a strong dedication and focus by delivering the best customer experience for online shopping, and we are looking forward to deliver further solutions together with Resurs Bank to help simplifying customers everyday shopping”, says Soren Babra, CEO and Founder of Payair Technologies AB.

Payair Technologies AB has signed a contract with Eika Gruppen AS to build their Masterpass digital wallet. The wallet will be launched during autumn 2016.

Masterpass is developed by Mastercard and makes it possible to pay anytime from smartphones, computers and tablets, and with all types of cards. Card- and shipping information are stored comfortably and securely in Masterpass.

The Eika Alliance comprises the Eika Banks, Eika Gruppen and Eika Boligkreditt. It ranks as one of the largest players in the Norwegian financial market, with a total assets of NOK 300 billion and almost a million customers. The alliance pays close attention to private customers and small businesses, and have a unique closeness to customers.

Today ResursBank AB launched its digital wallet based on MasterCards™ digital wallet MasterPass™. Payair has been responsible to custom build the wallet to fit ResursBanks needs.

With MasterPass, the consumer doesn’t need to type in card and address details each time they shop. In the digital wallet, the consumer can store all their debit, credit and prepaid cards from MasterCard and any other brand, as well as loyalty and member cards and their shipping address. With everything in one place, the consumer can shop safely, simply and securely at thousands of e-merchants globally.

“Resurs Bank understands the digital space and are keen to make the most of the MasterPass platform in order to meet the needs of the consumer. We look forward to keep innovating in the payment space with Resurs Bank” says Sören Babra, CEO and founder, Payair Technologies.

“This effort will provide Resurs Bank with a new channel of communication to our existing and potential customers” says Joakim Wallin, Head of Cards, Resurs Bank AB

Payair has been certified as the first Nordic service provider of MasterCards distributed digital payment solution: MasterPass API.

”Payair’s ability to create new business opportunitues will increase significantly on the back of the addition of MasterPass services to its portfolio”, says Ulf Rosberg Chairman, Payair Technologies.

”The MasterPass service addition to our platform is a winner when Nordic financial institutions look to compete in new, fast growing, digital channels”, says Sören Babra, CEO and founder, Payair Technologies.

Payair launches several new innovative features to improve its omni-channel offering.

With mobile pre-order and express checkout functionality,  in-store merchants can reduce queues and provide less waiting time for busy customers. The platform also offers a sales & marketing channel to consumers on the go. Merchants can present nearby stores  in maps, special deals and a merchant page with complete product offering in the mobile. It is extremely  easy to set-up through Payair’s self-service dashboard. Merchants can be set-up a mobile commerce offering with a few clicks.

Payair’s print-com offering, where a point of sales can be created anywhere, now also supports scan & pay from a menu of products. This offering was recently launched jointly with Swedish a golf course to pay for greenfees with the mobile.

In addition, Payair has released a new version of its unique ”1-click BUY button” for e-commerce, which is provided to white-label partners.  Consumer’s just click on the BUY button and confirm the purchase with Mobile Bank ID.  We love creating simple solutions to complicated problems.

“With Payairs solution, in-store and online merchants get a fantastic sales, marketing & loyalty tool to get new customers, drive repeat visits and increase conversion rates . Simply put, we want to improve commerce with the help of the mobile device. This is inline with our omni-channel vision of an enhanced shopping experience across all channels, including in-store shopping, mobile commerce and e-commerce.” says Petter Östlund, CPO Payair Technologies.