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Swedbank launches a Masterpass wallet built by Payair

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Payair Technologies AB has built and implemented Swedbank’s new Masterpass wallet. The wallet was launched November 5 and can currently be used by all Swedbank customers.

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.

Swedbank is a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, offering a wide range of financial services and products. Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. Swedbank has over 7 million retail customers and around 640 000 corporate customers and has its roots back to 1820. The group is also present in other Nordic countries, the US and China. As of 31 July 2016 the group had total assets of SEK 2 394 billion.

Sören Babra
Founder & CEO
+46 73-854 99 99
soren.babra@payair.com
Payair is the industry leading mobile shopping solution that offers a fast, easy and secure way for consumers to shop using their smartphones. With the Payair application, consumers can complete their mobile purchase processes in less than ten seconds, on the Internet, as well as in retail shops, restaurants and other shopping environments. Businesses can speed up and simplify their sales processes, resulting in increased sales by using Payair’s suite of mobile shopping solutions. The purchase process includes a purchase button or scanning of QR codes that activates the Payair service on smartphones, authenticates the user, self-checkout and payment by credit or debit card from MasterCard or Visa. The solution is secured with multiple layers of encryption and no sensitive data are stored in the phone. The solution is free of charge for the customers and easy for the merchants to implement within their existing payment systems. Payair is a privately held Swedish company with franchise partners in over 25 countries.

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Swedbank Mastercard mobile payment digital wallet financial institutions Payair mobile authentication Mobile BankID mobile transactions Payair Technologies bankcard Payair app digital payment MasterPass API Masterpass API wallet Masterpass wallet

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