Upco Mobile Messenger will use Token Pay™ to enable the delivery of account-to-account (A2A) transfer services and account-to-merchant (A2M) payment services using the UpcoPAY extension within the application. Using Token’s platform, the company now plans to roll out a suite of open banking-enabled payment services aimed at enhancing the UX and lowering transaction costs.
Token’s API provides pan-European bank connectivity, meaning companies like Upco can establish a connection to any bank to initiate payments and data requests on behalf of their customers. Using Token’s interface, payments are confirmed instantly, and transaction fees are reduced by up to 50%.
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