ShoppingOS teams up with Token

Friday 18 March 2022 12:08 CET | News

ShoppingOS has partnered with Token, an Open Banking payments platform, to help UK ecommerce merchants accept Open Banking payments on their ecommerce platform without writing a line of code.

As a no-code platform for Open Banking payments, ShoppingOS helps ecommerce businesses increase their sales and conversion rates, driving more revenue. Their account-to-account network bypasses the card networks, letting consumers make payments to merchants directly from their bank accounts. This simplified checkout experience reduces payment processing costs by 80%.

This partnership will enable merchants to transition from the complexities associated with card payments to direct instant bank payments. This means businesses can securely accept payments directly from customer’s bank to merchant’s bank account in seconds without interfacing with any card network, card issuing bank or acquirers.

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Keywords: partnership, ecommerce, banks, Token, Open Banking
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech

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