Friday, January 22, 2021

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Ecommpay: Announced the expansion of its payment system Open Banking

  • 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

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