Access PaySuite has bought the open Banking Setup from Ordo. This move comes after Ordo shut down earlier. The deal helps PaySuite grow its Payment Tools.
Key Facts
- Access PaySuite agreed to buy Ordo Open Banking tech.
- Ordo was closed by its owner Neonomics after eight months.
- The purchase adds ready-made open banking tools to PaySuite.
- Focus stays on UK payment and banking services.
Simple Breakdown
Open banking lets apps safely share bank data with user permission. Ordo built the systems that make this sharing work. PaySuite now owns those systems to offer better payment options without starting from zero.
Why This Matters
Companies gain faster ways to connect bank accounts for payments. Smaller firms can use these tools to build new services quicker. This helps cut costs and speed up launches in the payments space.
What's Next
PaySuite plans to add the new tools into its current products soon. More updates on features and client options will follow in coming months. The focus remains on steady growth in payment services.
⚡ Key Takeaways
- Access PaySuite gains Ordo open banking systems through the buy.
- The deal follows Ordo closure by its previous owner.
- Open banking tools now sit with a payments-focused firm.
- UK businesses may see new service options over time.
- Integration work starts to link the tech with existing PaySuite offerings.
FAQ
Conclusion
The acquisition adds useful tech to PaySuite offerings. Users can expect smoother payment features in future updates. Watch for more news on rollout plans.
Sources
- Finextra (2026-06-17)
