Emma Partners with Yapily to Launch P2P Payment Feature

Emma, a leading budgeting super app, announced that it has formed a partnership with Yapily, an Open Banking infrastructure provider, to launch its new peer-to-peer (P2P) payments feature.

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Founded in 2018, Emma is one of the 25 most downloaded apps in the UK, connecting bank accounts to help customers budget, track spending and save money. The company currently counts 600,000 customers in the UK, US and Canada.

According to the official press release, the new feature enables consumers to transfer money  easier than ever and far more secure, and manage their money with ease and get their finances on track, with no threat of fraud.

Emma is utilising Yapily's API to enable its customers to request money and pay bills using its app. Bills can be settled in a matter of seconds, meaning the days of giving out account numbers and sort codes are officially over.

Edoardo Moreni, CEO of Emma, said, “We’re on a mission to build a super app, one that empowers our customers to get their finances on track and make smarter financial decisions. With Yapily’s Open Banking capabilities, we’re one step further to achieving this goal as we can now offer our customers the value-added P2P service that makes transferring and requesting money far easier than ever before.”