Zopa’s Smart Saver has focus on helping consumers at the start of their savings journey, enabling them to deposit money into different ‘Pots’ with different interest rates and access requirements. In just a few months, the account has already attracted 20,000 customers and more than GBP 110 million in deposits.
TrueLayer is now supporting Zopa with instant, secure account-to-account payments that remove the need to enter any card or bank account details. Instead, customers select the ‘Instant bank transfer’ option at the top of the payment screen and authenticate their identity with biometrics to confirm the payment.
Open Banking payments with TrueLayer provide Zopa with operational benefits such as lower processing fees compared to cards and other deposit methods and real-time payment confirmation and settlement, providing Zopa with the assurance that every transaction has been authorised and received into the customers’ account.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now