Mastercard Open Banking Payments vs MX

MOMastercard Open Banking Payments9.1Visit MX8.7Visit

Higher score MO Mastercard Open Banking Payments #4 in Bank Connectivity Software 9.1/10 Pricing on request ✓ 0 of 1 features Visit Mastercard

vs

MX #7 in Bank Connectivity Software 8.7/10 Free plan Free plan✓ 0 of 1 features Visit MX

• Mastercard Open Banking Payments fits best

  Enterprise open-banking payments and data

• MX fits best

  Free account aggregation and enrichment

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Side by side

Feature	MOMastercard Open Banking Payments 9.1/10 Visit ↗	MX 8.7/10 Visit ↗
At a glance
Editor score	9.1	8.7
Ranking	#4 in Bank Connectivity Software	#7 in Bank Connectivity Software
Best for	Enterprise open-banking payments and data	Free account aggregation and enrichment
Pricing model	Paid	Free plan + paid
Starting price	Pricing on request	—
Free plan	Not checked yet	✓ (best)
Free trial	—	—
Deployment	Cloud	Cloud
Support	Email	Email, Docs
Compliance	GDPR	SOC 2, PCI DSS, GDPR
Built for	Mid-market, Enterprise	Mid-market, Enterprise
Features Mastercard Open Banking Payments 0/1 · MX 0/1
Multi-entity support	Not checked yet	Not checked yet
Specs
Bank/institution count	3000 banks	Not checked yet
Supported data types	Account details, account-holder information, balances, transactions, bank statements, transaction snapshots	accounts, balances, transactions, investments, statements, identity, account ownership, rewards
Connection methods	Open banking APIs; bank authentication and consent flow	OAuth APIs, tokenized connections, direct connections, whitelisted screen scraping, microdeposits
Refresh frequency	On_demand	Real_time
Statement formats	Not checked yet	PDF
Our review
Pros	Unified APIs for account data and bank-payment initiation Connectivity across 3,000 European financial institutions Ownership verification and customer-name matching capabilities	Real-time aggregation for accounts, balances, transactions, and investments OAuth and tokenized connections plus verification and data cleansing Free developer environment with enhanced transaction descriptions and categorization
Cons	Pricing is available through contact with sales European API access requires specific licences and certificates Bank-level availability can vary for on-demand data refreshes	Free access is limited to selected financial institutions The free account supports up to 100 users Commercial pricing is handled through agreements rather than published plan prices
Our verdict	Mastercard Open Banking Payments provides APIs for businesses building financial products and customer experiences. It supports consented access to account details, balances, transactions, statements, transaction snapshots, and… Read the review →	MX provides financial account aggregation, open finance connectivity, data enhancement, verification, and digital banking tools through web and API access. It is designed for banks, credit unions, lenders, fintech companies, and financial… Read the review →

Strengths and trade-offs

• Mastercard Open Banking Payments — where it wins

  • Unified APIs for account data and bank-payment initiation
  • Connectivity across 3,000 European financial institutions
  • Ownership verification and customer-name matching capabilities

  Where it doesn't

  • Pricing is available through contact with sales
  • European API access requires specific licences and certificates
  • Bank-level availability can vary for on-demand data refreshes

• MX — where it wins

  • Real-time aggregation for accounts, balances, transactions, and investments
  • OAuth and tokenized connections plus verification and data cleansing
  • Free developer environment with enhanced transaction descriptions and categorization

  Where it doesn't

  • Free access is limited to selected financial institutions
  • The free account supports up to 100 users
  • Commercial pricing is handled through agreements rather than published plan prices

• MOMastercard Open Banking Payments9.1/10 · Pricing on request

  A focused API suite for consented bank data, ownership checks, and payment initiation.

  Visit MastercardFull verdict →
• MX8.7/10 · Free plan

  A free developer account for real-time aggregation, enrichment, and verification.

  Visit MXFull verdict →