xMoney marks a key milestone in the evolution of digital payments, becoming the world’s first Mastercard issuer to launch the creation and enrollment of the Payment Passkey directly through its own mobile banking application. The announcement, made in Bucharest on June 11, 2026, positions xMoney as a pioneer in offering a solution that promises to redefine the security, simplicity, and speed of online transactions.
What is the Mastercard Payment Passkey
The Mastercard Payment Passkey represents a new frontier in the authentication of digital payments. It is a solution that allows users to create a payment passkey within the issuer’s banking environment, thereby authenticating online transactions in compliance with SCA (Strong Customer Authentication) requirements. The system also allows cardholders to securely access their Click to Pay profile.
Greg Siourounis, Co-founder & CEO of xMoney, highlights the importance of this innovation: “We are entering a new phase of payment infrastructure, where authentication, tokenization, and compliance must work together, not as separate layers. Enabling in-app creation of Mastercard Payment Passkeys, together with the availability of Click to Pay via xMoney, shows that this standard is maturing. xMoney is the first Mastercard issuer in the world to offer this combination, setting a new benchmark for digital checkout.”
