As part of this collaboration, Brankas is set to support PeekUp Pay with instant disbursement capabilities in the PeekUp Driver app, which is currently available on the Google Play Store and App Store.
As an Open Finance technology provider, Brankas offers API-based solutions, data, and payment solutions for financial service providers, including banks, lenders, e-wallets, and online businesses. The company collaborates with banks to develop and manage their Open Finance infrastructure, producing APIs for real-time payments, identity and data, new account openings, and remittances, among others. By leveraging Brankas’ Open Banking technology, online businesses, fintech companies, and digital banks can use its APIs to create new digital experiences for their users. In addition to this announcement, Brankas entered several collaborations in recent months to support and advance its development strategy. For example, in September 2023, the company partnered with Konsentus to introduce centralised technology infrastructure and Banking-as-a-Service (BaaS) solutions to expedite Open Finance. The alliance intended to enable financial institutions, central banks, and regulators to accelerate their Open Finance journeys, with the integrated technology solutions from the two companies set to provide ease of use, security, and cost-efficiency for those setting up or participating in open ecosystems.
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