News

Bud launches open banking payments, partners with Blockchain.com 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 Blockchain.com 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 Blockchain.com have announced a pan European trial to make the new payment channel available for Blockchain’s customers. The product will allow Blockchain.com’s customers to fund crypto wallets directly from their bank accounts without sharing card details.

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: Bud, open banking, payments, crypto, blockchain, Blockchain.com, PSD2, API, crypto payments, crypto wallets, banking app, UK, United Kingdom
Categories: Banking & Fintech | Payments General
Countries: Europe
This article is part of category

Banking & Fintech