Mastercard Partnering With Payments Fintech Yoyo Wallet

Mastercard is launching a partnership with UK fintech Yoyo Wallet; Yoyo is a mobile wallet that can be used at point of sale to earn rewards at a variety of UK retailers; Mastercard’s Pay by Bank app will connect with Yoyo’s API alongside Mastercard’s Vocalink platform to let users purchase through their own banking apps without the need for passwords; with the Yoyo partnership Pay by Bank will now be able to provide loyalty services for merchants. Michael Rolph, CEO of Yoyo Wallet said, “The combined Yoyo and Pay by Bank app proposition will provide both customers and retailers with added speed and security at the point-of-sale, as well as an omnichannel payment and loyalty experience that is unrivaled in the market.” Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]