Mastercard Pay By Bank goes live on MuchBetter, eliminates transfer fees

UK, London, 28 November 2019 – MuchBetter, the award winning payments company, today announced its integration with Mastercard’s Pay By Bank, one of the first ewallets to do so. Pay by Bank app is a new online checkout option from Mastercard that lets users pay for goods and services in real-time using the banking app on their phone – across online and in-store purchases. It allows MuchBetter users to top up their account in real-time from their bank account without entering payment details or passwords. As well as being highly convenient, it is also one of the most cost-effective ways of depositing funds to the MuchBetter account, since there are no transaction fees.

MuchBetter and Pay by Bank

Introduksjonen av Pay By Bank vil øke MuchBetters utvalg av mer enn 30 innskuddsalternativer i dag, som inkluderer kortbetalinger, bankoverføringer og kontanter. Pay By Bank ble valgt av MuchBetter som en god match for sin mobile-first-tilnærming til betalinger og forventes å være populær blant brukere i Storbritannia spesielt. MuchBetter har i dag mer enn 300 000 brukere og hundrevis av handelspartnere. Det er en partner av West Ham United FC, betalingsappen bak det nye smartskjortemerket CashCuff, og brukes av husholdningsmerker som PokerStars, Betway og Paddy Power Betfair.

"Hos MuchBetter er vi stolte av å ha laget den mest brukervennlige betalingsappen på planeten," sa MuchBetter-medgründer Jens Bader. "Brukere kan registrere seg på en konto på få minutter og foreta betalinger med bare fingeravtrykk og telefonnummer. Introduksjonen av Pay By Bank understreker vår forpliktelse til brukeropplevelsen. Det er et sømløst, enkelt og sikkert innskuddsalternativ designet for mobil – akkurat som oss – og vi tror brukerne våre vil elske det.”

“Pay By Bank puts users in control of their finances with a convenient and secure payment option in any scenario, online or in-store,” said Suren Nawalkar at Mastercard. “We believe that the next revolution in payments is paying directly from your bank app. Users simply view their balance before paying and check out seamlessly without ever having to enter payment details.”

Omtrent MuchBetter

MuchBetter, operated by MIR Limited UK Ltd, an FCA-licensed and regulated e-money issuer, is the new payments application for iGaming. Available on Android and iOS, MuchBetter make effortless online, offline and contactless payments throughout EMEA. Funds can be transferred and received in real-time and MuchBetter’s unique commercial model increases operator revenues while its anti-fraud features and use of best in class technology reduces risk.

Media Contacts
PR@mirlimited.com