Understand how Yapily helps Comma remove the manual headache of processing bulk payments for SMEs

Boasting Europe’s strongest open banking infrastructure, the UK is witnessing significant growth as almost 9% of the population now uses open banking-enabled services.

Here at Yapily, we recently celebrated three partnership award wins that recognised the impactful work we’re doing together. Like improving the financial well-being of key workers or ensuring thousands of employees get paid on time.

In recent years, card payments have left merchants with a transaction bill of more than £1 billion. How can Payment Service Providers leverage open banking to innovate the payments landscape and eliminate unnecessary fees?

Yapily Virtual Accounts enable merchants and payment service providers (PSPs) to collect local payments, initiate instant payouts and refunds, and streamline reconciliation - all consolidated into a single API.

Yapily Variable Recurring Payments allows merchants and payment service providers to use open banking for recurring payments of varying amounts - without the need to re-authenticate every transaction.

Our founder and CEO, Stefano Vaccino, recently appeared on Sky News to delve into insights from our annual European open banking league table. From soaring maturity rates to financial resilience, we’ve recapped what was discussed in this article.

Today we are excited to welcome our newest team member, Caroline, who joins Yapily as Chief People Officer to support our growing headcount and turbocharge our scale-up ambitions.

Published in our 2022 European open banking report, Yapily’s Director of Public Policy, Maria Palmieri, gives her view on Europe’s fragmented open banking landscape and why the introduction of PSD3 will bring us one step closer to open finance.

Over half of all B2B payments are still made by bank transfer or cheque. How can payment platforms harness open banking to deliver a seamless B2B payments experience?