Payoneer, TrueLayer partner for Open Banking in UK and Europe

Thursday 3 December 2020 13:19 CET | News

US-based Payoneer has partnered with Open Banking API provider TrueLayer to launch its Open Banking service for customers in the UK and Europe.

Transactions in these regions will be managed entirely through the Payoneer platform with users able to track transactions at every stage. Money will be received into e-wallets or bank accounts usually in 24 hours.

From observing their US-based B2B customers, Payoneer sees a need for credit-card alternatives, as 60% of the payments are done via bank accounts payments and other non-credit-card payments methods. 

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Keywords: Payoneer, TrueLayer, partnership, Open Banking, UK, Europe, API, e-wallets
Categories: Banking & Fintech
Countries: Europe
This article is part of category

Banking & Fintech