Norwegian payments enablement platform MeaWallet is expanding its Australian presence after entering a service partnership with Australian Settlements Limited.

MeaWallet has been contracted to deliver tokenisation and digital payments technology to customer owned banks such as Heritage and IMB that access the payments system through ASL.

ASL will adopt the Norwegian company’s platform to deliver a tokenisation service and integrate popular mobile wallets such as Google Pay into their operating environments.

ASL chief executive Mark Tibbles said the decision to partner with MeaWallet followed a 12-month evaluation of global payments technology providers.

“Our preference was for a Saas based, cloud native, API-driven technology stack that allowed to us to scale as our members’ business and volume increased,” he said.“MeaWallet ticked all these boxes.”

MeaWallet also has deep experience in Europe working with more than 30 banks and Portugal’s domestic payments network.

Tibbles said the MeaWallet capability was already embedded within ASL after it was used last week to integrate a mutual bank's systems with Apple Pay and the Eftpos tokenisation hub.

The ASL deal is MeaWallet’s second in the Australian financial services market. It also delivers payments enablement to the fintech Hay Money.

The ASL partnership is strategically important for MeaWallet because it required the company to expand its platform capability to support Eftpos.

He said that would act as a catalyst to drive the company’s growth in Australia.