Open Banking payments: BR-DGE and Moneyhub join forces

Tuesday 14 December 2021 13:42 CET | News

Payment orchestration provider BR-DGE has formed a partnership with Open Data and payments platform Moneyhub to accelerate the use of Open Banking payments to provide a new digital way to pay.

BR-DGE will integrate Moneyhub’s Open Banking technology into its platform, which acts as a single point of integration for a world of payment options. This means merchants no longer need to pick and choose between one or two payment providers at great cost and administrative burden. 

Merchants using BR-DGE can now offer customers Open Banking as a payment method. This allows them to transfer funds directly from their bank account to the merchant’s bank account, rather than having to use a card or a PayPal account.

Benefits of Open Banking for merchants and consumers include reduced card transaction fees, instant payment settlement, better user experience, and increased security. Consumers can pay online without fear of having their card details stolen and merchants can take advantage of this Strong Customer Authentication (SCA) compliant payment option.

For more info about Moneyhub, check our online company database here.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Open Banking, Moneyhub, account-to-account payment
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech