Nuapay Expands Its Open Banking Platform Across Italy and Germany Open Banking , Banking 10:28 am
Open Banking pioneer, Nuapay, powered by Sentenial, today announces it is extending its open banking payment capabilities to German and Italian banks. Nuapay’s expansion will enable German and Italian partners to offer open banking payment solutions, powering seamless account-2-account payments for their customers.
This rollout connects 308 banks in Italy and 435 banks in Germany to Nuapay’s Open Banking platform, connecting 134 million European accounts and reaching 98% and 70% of payers in each country. This adds to Nuapay’s existing open banking connections in the UK and France, covering more than 90% of payers in those markets. In coming months, Nuapay’s payment integrations will be extended to other European markets, including Spain, making it one of Europe’s leading open banking payment platforms.
Payments Fintech
Nuapay is expanding its platform across Germany and Italy leveraging open banking. According to a statement by the company, Nuapay has connected with 308 banks in Italy and 435 banks in Germany, covering approximately 98% of Italian payers and 70% of German payers. Nuapay’s expansion will enable German and Italian partners to offer open banking payment solutions for their customers.
Previously, Nuapay has connected with financial services in the UK and France, covering more than 90% of payers in those markets. Nuapay reporst that in the coming months, Nuapay’s payment integrations will be extended to other European markets, including Spain.
While citizens in Germany have preferred digital payments in pre-pandemic Italy 86% of transactions were made using notes and coins, according to Nuapay. Digital payments have increased by 80% in 2020 in comparison to 2019.
Open Banking pioneer, Nuapay, powered by Sentenial, today announces it is extending its open banking payment capabilities to German and Italian banks. Nuapay’s expansion will enable German and Italian partners to offer open banking payment solutions, powering seamless account-2-account payments for their customers.
January 12, 2021 4:15 PMTech
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FORT LAUDERDALE, Fla. Segpay, a global leader in digital payment processing, announced today that it finished 2020 up significantly in overall revenue, capping one of the most successful year in the company’s 15-year history. This growth was fuelled by CAM merchants which outperformed all other market niches representing more than half of Segpay’s transaction volume, growing 55% year over year. Subscription-based merchants also powered Segpay’s growth, up 33% year over year.
“We made CAMs our focus five years ago and modified our system, streamlining and simplifying the checkout process to best support this segment,” said Segpay CEO Cathy Beardsley. “Our risk tools are configurable by merchant, country and user level bringing flexibility to serve each merchant’s unique needs and requirements.”