EPI’s acquisition of iDEAL and Payconiq is driven by a vision to create a unified, seamless payment system across Europe. iDEAL, widely used in the Netherlands, and Payconiq, popular in the Benelux region, bring substantial market presence and technological capabilities to EPI’s portfolio. This consolidation aims to simplify and enhance the payment experience for businesses and consumers.
The Impact on Businesses
For businesses, EPI’s acquisition means access to a more integrated and efficient payment system. The unification of iDEAL and Payconiq under EPI promises consistent and reliable payment experiences across Europe. This move is particularly beneficial for businesses operating in multiple European markets, as it reduces the complexities associated with managing different payment systems.
Leveraging Open Banking with Yapily
As EPI works towards unifying payment systems, businesses can also benefit from the advancements in open banking. Yapily, a leader in this space, offers solutions that align perfectly with EPI’s vision of seamless and efficient payments. By leveraging open banking, Yapily facilitates direct account-to-account transactions, ensuring faster and more secure payments. Yapily’s platform provides businesses with direct access to bank infrastructure, enabling real-time payment capabilities. This integration with open banking not only improves cash flow but also enhances the overall payment experience for businesses and their customers.
Integration and Security: Key Benefits of Yapily
One of the significant advantages of Yapily’s solutions is the ease of integration. With comprehensive API documentation and dedicated support, businesses can quickly and seamlessly transition to using Yapily’s platform. Moreover, Yapily prioritizes security with robust encryption and stringent authentication protocols, ensuring that all transactions are secure.
The Future of Unified Payments
EPI’s acquisition of iDEAL and Payconiq represents a major step towards creating a unified payment system in Europe. For businesses, this move simplifies payment processes and enhances efficiency. By adopting open banking solutions like Yapily, businesses can further benefit from faster, more secure payments, aligning with the vision of a unified and seamless European payment landscape.
Get in touch to learn more about how Yapily can power your product innovation. Exploring your options? Check out our Open Banking Buyer’s Guide to understand how to vet providers and choose the best partner.
