OpenPayd, a global payments and Banking-as-a-Service
platform, has unveiled its collaboration with TrueLayer, Europe’s open banking
payment network, aiming to enrich its instant payment solutions portfolio for
clients.
In this strategic partnership, OpenPayd intends to harness
TrueLayer’s payments network spanning the UK and Europe to facilitate secure
and immediate account-to-account (A2A) payments for its global clientele. The
collaboration seeks to elevate user experience standards while enhancing
conversion rates for real-time fund deposits.
Mariko Beising, VP Financial Services & Partnerships at TrueLayer, Source: LinkedIn
“Our partnership with TrueLayer marks an important step in
OpenPayd’s growth strategy. We’re building a payments platform to give our
clients access to any payment rail they need, where they need it. This
collaboration is the next step in delivering fast, user-friendly payment
journeys to our clients and their underlying users,” said Barry O’Sullivan, the
Head of Banking and Payments Infrastructure at OpenPayd.
“Partnering with industry leaders like TrueLayer, gives us
the chance to bring open banking-enabled payment solutions to our clients, so
they can reap the benefits of this technology.”
Through this initiative, OpenPayd’s clients will gain access
to pay-by-bank functionality integrated into their payment infrastructure,
courtesy of the OpenPayd API integration. This integrated approach enables
customers to initiate payments and authenticate transactions
directly within their banking applications.
OpenPayd, the global #payments and #BaaS platform, has teamed up with #TrueLayer to enhance its instant payment solutions. https://t.co/mCFvy550YV pic.twitter.com/2pHpYZxS4D
— The Fintech Times (@thefintechtimes) February 20, 2024
Open Banking’s Growth and Impact on Innovation and
Productivity
The surge in open banking adoption, as evidenced by over one
in nine Britons utilizing open banking services and the engagement of 80+ banks
beyond the CMA9, underscores its potential to spur innovation, bolster
productivity, and streamline costs.
Mariko Beising, the VP Financial Services and Partnerships
at TrueLayer
added: “At TrueLayer, we firmly believe that the future of payments is built on
open banking. It enables the development of new solutions in payment services
that foster growth, innovation and provide better solutions for consumers and
businesses. We’re excited to collaborate with OpenPayd to deliver better
payment experiences to its clients.”
OpenPayd, a global payments and Banking-as-a-Service
platform, has unveiled its collaboration with TrueLayer, Europe’s open banking
payment network, aiming to enrich its instant payment solutions portfolio for
clients.
In this strategic partnership, OpenPayd intends to harness
TrueLayer’s payments network spanning the UK and Europe to facilitate secure
and immediate account-to-account (A2A) payments for its global clientele. The
collaboration seeks to elevate user experience standards while enhancing
conversion rates for real-time fund deposits.
Mariko Beising, VP Financial Services & Partnerships at TrueLayer, Source: LinkedIn
“Our partnership with TrueLayer marks an important step in
OpenPayd’s growth strategy. We’re building a payments platform to give our
clients access to any payment rail they need, where they need it. This
collaboration is the next step in delivering fast, user-friendly payment
journeys to our clients and their underlying users,” said Barry O’Sullivan, the
Head of Banking and Payments Infrastructure at OpenPayd.
“Partnering with industry leaders like TrueLayer, gives us
the chance to bring open banking-enabled payment solutions to our clients, so
they can reap the benefits of this technology.”
Through this initiative, OpenPayd’s clients will gain access
to pay-by-bank functionality integrated into their payment infrastructure,
courtesy of the OpenPayd API integration. This integrated approach enables
customers to initiate payments and authenticate transactions
directly within their banking applications.
OpenPayd, the global #payments and #BaaS platform, has teamed up with #TrueLayer to enhance its instant payment solutions. https://t.co/mCFvy550YV pic.twitter.com/2pHpYZxS4D
— The Fintech Times (@thefintechtimes) February 20, 2024
Open Banking’s Growth and Impact on Innovation and
Productivity
The surge in open banking adoption, as evidenced by over one
in nine Britons utilizing open banking services and the engagement of 80+ banks
beyond the CMA9, underscores its potential to spur innovation, bolster
productivity, and streamline costs.
Mariko Beising, the VP Financial Services and Partnerships
at TrueLayer
added: “At TrueLayer, we firmly believe that the future of payments is built on
open banking. It enables the development of new solutions in payment services
that foster growth, innovation and provide better solutions for consumers and
businesses. We’re excited to collaborate with OpenPayd to deliver better
payment experiences to its clients.”