Open Banking by ECOMMPAY

Use our Open Banking API to connect to thousands of banks effortlessly anywhere in Europe. Enrich customer experience and create financial transparency for your customers.

Get In Touch

Meet Our Extensive Open Banking Platform

Open Banking is an innovative financial technology that enables third-party providers to access banks’ data to build custom services. The new service allows customers to have easy and transparent control over their data and money with the bank. It’s fast and secure, all with no cards and no data entry.

Accept payments from your customers in real-time, directly to your bank account.

Open Banking Explained in 60 Seconds

Olga Karablina
Partners Team Lead at ECOMMPAY

Key Open Banking Benefits for You and Your Customers

Understanding the benefits for both you and your customers is vital to get the most from Open Banking. With 77.7% of the European population owning a bank account, the advantages to Open Banking are numerous for both parties.

Here are some of the key benefits for both merchants and customers.

Merchant Benefits

No chargebacks

Users pay directly from online banking, not with credit cards. So there is no chargeback risk for merchants.

Meet customer requirements

Banks have full control over the various services their customers need, e.g. advice, loans, transfers, and financing. With Open Banking everything is managed under a single administration.

More ways to generate new revenue streams

Open Banking opens up financial markets, offering new infrastructure for payments. Start offering your customers an easier way to pay.

Receive money straight from your clients

It’s fast and does not require any intermediaries.

Customised payment systems

Taking into account different currencies, regions, and other localisation requirements.

Up-to-date with PSD2

All-access is based on PSD2 account access API issued and trusted by banks.

Customer Benefits

Secure and compliant

​Customers access data is secure and fully compliant with GDPR requirements.

Easy payments with Smart Devices

All customers have to do is log in to online banking via their mobile app, and accept the payment.

Fast decision making

All financial data is in one place, allowing a quick credit decision on loans and other transactions.

Transparent banking

It’s a payment marketplace of sorts. It allows you to effectively manage your accounts and payments

How Open Banking Works

Open Banking allows approved third-party providers (TPPs) to access financial information directly to provide payment initiation through API connections.

Open Banking is also a leap forwards from a technical and security standpoint. PSD2 introduces mandatory Strong Customer Authentication (SCA), meaning individuals and businesses can only access their data through secure online gateways.

Why Choose ECOMMPAY as Your Open Banking Provider?

Broad Coverage

The UK, Latvia, Estonia, Lithuania, Netherlands are available now. Portugal, Austria, France, Germany and more coming soon.

Wide Payment Portfolio

100+ payment methods. We integrate new ways to pay regularly, assisting clients to enter new markets.

Stability and High Conversion Rate

We have several data centres, enabling us to guarantee a 99.99% uptime for our payment infrastructure.

Innovative Payment Technologies

Advanced anti-fraud, payment links, smart cascading and routing, and many more.

Tailored Approach

Products and solutions are tailored to individual client requirements, making sure they get exactly the right payment platforms for their business.

Dedicated Account Manager

Receive regular, relevant advice on optimising your business operations. Each account manager is tasked with making sure your business gets the attention it deserves.

Ready to Embrace Open Banking?

Get in touch and let our experts provide you with the insights you need for the future of payments.

The information you submit to us by filling this contact form will be processed in accordance with ECOMMPAY's Privacy Policy. We kindly encourage you to read our Privacy Policy carefully.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

ECOMMPAY provides us with a bespoke technical and financial solution, supporting us in growing our business and managing our account using a dedicated individual approach.

ECOMMPAY is a reliable partner with whom we work in Asia and Europe. The company possesses unique experience and knowledge of all the intricacies of working with acquiring banks, and local payment systems. There is always a quick response from the team to any of our requests, including payment solutions and technologies testing, which is one of the main areas of our business success.

Ivan Osipov

Head of Division, Payment Systems Group, Softline eCommerce