- International payment service provider and direct bank card acquirer, Ecommpay takes Open Banking tech to Europe
- The solution allows consumers to initiate online payments to merchants
- Enables third-party providers to access banks’ data to provide payment initiation through API connections
- The news comes as research by the Open Banking Implementation Entity recently showed that uptake of Open Banking has doubled over the past six months
- Ecommpay’s solution will allow consumers to connect to over 4000 banks in more than 28 European countries
- The solution available in the UK, Latvia, Estonia, and the Netherlands, and will be rolled out to further countries soon
