The benefits of Open Banking as a payment (pay-in) mechanism have been well spoken about – it provides merchants with a fast, secure and cost-effective option to accept funds from customers. Less well spoken is the potential for Open Banking to power outgoing payments – whether that be simple refunds to customers (e.g. in eCommerce),…
read moreNuapay is delighted to have attended the annual Sibos conference and exhibition in London. This year, the theme of the conference was “Thriving in a hyper connected world.” It demonstrated a specific focus on the capabilities of financial service providers to sustain an agile business strategy in this advancing world of tech payments. Much of…
read moreIt is undeniable that Open Banking has been slow to take off since the launch of PSD2 a year and a half ago; yet we are starting to witness encouraging signs that the initiative is gaining momentum. The first edition of our
read more“While innovation is important, implementation is key”. So said Wolfgang Ehrmann, EBA Chairman, as he kicked off this year’s conference, setting the tone for the days to come. Much of the discussion between the 1,000+ strong crowd of banking professions was centred on how we can move past the theoretical to the practical. Questions posed…
read moreOver recent years there has been much expectation that Open Banking combined with Instant Payments will dramatically change the payment landscape, particularly in the e-commerce space. However, it’s widely acknowledged that Open Banking has been slow to take off since it launched in the UK in January 2018 in part due to the need to…
read moreIt’s hard to believe that it’s now less than a week until the 14th edition of EBAday. Curated by the Euro Banking Association, the conference will dive into the innovation, infrastructure and reinvention that’s currently overhauling the banking industry. Over 1500 banking professionals are expected to arrive in Stockholm for the two day conference, which…
read moreNext month the Nuapay team will be travelling to Frankfurt to take part in the European Central Bank (ECB) Instant Payments Challenge. Nuapay has been shortlisted to present its e-commerce solution which is based on Open Banking and SEPA instant payments. The Open Banking solution uses App to App linking to launch a Mobile Banking…
read moreNuapay has implemented a cloud-based service that delivers the benefits of Open Banking based payments and at the same time resolving the short falling exhibited by the base scheme. From a PISP perspective Nuapay is licensed to deliver all Open Banking functionality within the EEA and as a part of this takes responsibility for establishing…
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