Zen.com has introduced pay-by-bank capabilities across nine European markets through its collaboration with Mastercard Open Finance.
The European fintech firm said the service allows merchants to accept pay-by-bank payments and enables customers to top up Zen.com wallets.
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The service is live in Germany, Austria, Spain, Belgium, the Netherlands, Italy, Portugal, Ireland, and Lithuania, as of September 2026.
The launch supports Zen.com’s goal to provide merchants and consumers “a simpler way to pay” and minimise “friction traditionally associated with bank transfers and invoice payments”, it said in a statement.
Mastercard’s European payment platform supports the rollout through a single integration. Customers can pay from their bank accounts, while merchants can offer pay-by-bank alongside cards and other payment methods.
Zen.com chief growth officer Łukasz Neska said: “Pay-by-bank is becoming one of the fastest-growing ways to pay in Europe, and with Mastercard Open Finance we brought it live across nine markets through a single integration.
“It gives our merchants and customers a direct, secure way to move money straight from their bank account, alongside the cards and other payment methods they already use.”
Mastercard APEMEA Open Finance head and EVP Valerie Nowak said: “Businesses want to focus on serving customers and growing across markets, not managing multiple integrations and payment infrastructures.
“Through our partnership with Zen.Com, we’re helping make pay-by-bank easier to deploy, easier to scale, and easier for consumers to use across a wide range of European markets. The strong momentum we’re already seeing demonstrates how Open Finance is moving from promise to commercial reality.”
The agreement forms part of Mastercard’s Open Finance investment in Europe.
Recently, Mastercard unveiled plans to expand its First-Party Trust programme in Europe as well as in Middle East and Africa. The programme is intended to help merchants and card issuers distinguish fraudulent transactions from disputed legitimate purchases.
