Bud launches open banking payments, partners with for crypto trial

Tuesday 30 June 2020 09:53 CET | News

UK-based fintech Bud has launched an open banking and PSD2 payment API and partnered with for crypto payments in Europe.

The open banking launch is designed to provide an alternative to card payments and bank transfers. Open banking payments use banks’ APIs to initiate a transfer from one account to another. Merchants provide the payment data, the customer initiates the payment and authorises it via their banking app or website. Banks handle the transfer through the most appropriate payment method. 

Alongside the launch, Bud and have announced a pan European trial to make the new payment channel available for Blockchain’s customers. The product will allow’s customers to fund crypto wallets directly from their bank accounts without sharing card details.

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Keywords: Bud, Open Banking, payments , crypto, blockchain,, PSD2, API, crypto payments, crypto wallets, banking app, UK, United Kingdom
Categories: Banking & Fintech
Countries: Europe
This article is part of category

Banking & Fintech