Embedded payments are on the rise
Demand for embedded finance and open banking solutions is growing at a meteoric rate. 92% of business leaders are planning on launching embedded finance within the next five years. UK Finance data shows that open banking payments increased more than 500% in 12 months from 0.5 million to 2.6 million transactions between September 2020 to 2021.
Together with OpenPayd, we’re addressing this demand by integrating Yapily’s open banking platform into OpenPayd’s embedded finance offering, creating a complete banking and payments ecosystem through a single API. Essentially, we’re here to make your embedded payments journey as straightforward as possible.
Supporting businesses on their payments journey
Businesses and their end-users can now send payments instantly, and directly, from their bank account to their OpenPayd account using Yapily Payments. Even better, OpenPayd customers can still keep their own branding throughout the payments journey to ensure a smooth customer experience. A streamlined payments experience increases payment conversion rates, while putting the customer first.
Yapily users will also benefit from this partnership as Yapily is integrating with OpenPayd’s embedded finance infrastructure - offering plug-and-play banking and payments services that simplify and speed up the payment process.
“Partnership is the foundation for the continued evolution of the fintech industry. By leveraging our joint capabilities we build better financial infrastructure for our clients, we’re proud to be partnering with Yapily, who share our vision to offer businesses access to payments and banking services, whenever and wherever they need it. " - Iana Dimitrova, Chief Executive, OpenPayd
“Innovation is a buzzword we hear very often, but stripped back it really means finding new ways of doing things. Embedded finance is the evolution of how open banking will be delivered now and in the future. Together with OpenPayd, we are changing the way that businesses access and use open banking for the better. It’s exciting to be part of such a pioneering partnership and working with another API-first company that is challenging the status quo.” - Stefano Vaccino, Founder and CEO, Yapily
Who is OpenPayd?
OpenPayd is the leading embedded finance and banking-as-a-service infrastructure provider for the digital economy.
OpenPayd’s platform delivers a suite of banking and payments infrastructure: accounts, FX, international and domestic payments and card acquiring - all via a single API. With a growing network of licences across the UK, Europe and North America, OpenPayd is providing the banking infrastructure digital businesses need to thrive.
The collaboration will see an exciting roadmap of products and services added over the coming months. It follows the news that Yapily has agreed to acquire German open banking solution provider FinAPI to create the leading open banking platform in Europe.
