The new integration will see OpenPayd’s business customers— predominantly online marketplaces, merchant acquirers and other high growth fintechs— benefit from fast payment processing across the 36 participating nations of the SEPA scheme, including all EU member states and EEA members.
Prior to obtaining direct access, OpenPayd integrated with SEPA via an agency bank partner. Now, OpenPayd can submit payments directly into the scheme on behalf of its customers, significantly reducing payment processing time. Its customers will also benefit from shorter onboarding time and real-time payment notifications.
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