Home Finance EML Open Banking Expands Into 20 New Countries To Complete Its Coverage Of Europe
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

EML Open Banking Expands Into 20 New Countries To Complete Its Coverage Of Europe

by jcp
138 views
gawdo

LONDON, May 24th 2022.

Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business), is now connected to banks in another 20 countries in Europe, becoming one of the first open banking operators to provide complete connectivity across the Eurozone and expand into Eastern Europe and non-Euro Nordics.

Nuapay’s connectivity reaches 2,250 banks in 28 countries across Europe, with the potential to reach 420 million* customers through its world-class banking platform. Newly connected countries include Austria, Czech Republic, Estonia, Finland, Romania, Slovenia and Sweden.

”We’re delighted to grow our open banking presence in Central and Eastern Europe and Scandinavia and for Nuapay to emerge as one of the only providers with an expansive Europe-wide reach,” said Brian Hanrahan, CEO, EML’s Nuapay Business Division.

At the end of 2021, open banking front runner, the U.K., experienced a 500% increase in open banking payments in 12 months.* Also in the U.K., 70%* of lenders expect to use open banking within the next two years, a surge from the present 26%.

EML’s unique offering powers card issuing, payment accounts, open banking, payouts and direct debits under one roof to help exceed the expectations of businesses seeking more value from payments. Its one-stop-shop approach has proven particularly attractive to B2B (Business-to-Business) companies who need to issue money and collect payments in e-commerce, BNPL (Buy Now Pay Later) and lending.

Additionally, Nuapay, an Account-2-Account payments pioneer with 18 years of experience, enables both open banking payments and data sharing and is a direct member of U.K. Faster Payments and an indirect participant bank in the SEPA Instant payment network, giving it industry-leading real-time payments capabilities.

Meet our team at Money 20/20 Europe in Amsterdam, The Netherlands from June 7-9 at stand E32.

About EML Payments and Nuapay

Wherever money is in motion, EML helps businesses create awesome payments experiences for their customers. Our technology powers the payments process, moving money quickly, conveniently and securely while our programme management expertise creates superior configurable, feature-rich payments solutions.

Nuapay is EML’s market-leading Open Banking business. Direct Debit, Credit Transfers and Instant Payment products are also available through one single ‘bank-grade’ platform, easily accessible through industry-leading APIs. Businesses and their customers benefit from the immediacy of Open Banking and account-2-account payments and can save time, money and resources at every turn. This is payments as it should be.

For more on EML visit the website here or check out other recent media in the Newsroom here

For more on Nuapay visit the website here

www.gawdo.com

You may also like