Nuapay Expands Open Banking Service to German and Italian Banks

Nuapay, a pioneer of Open Banking, recently announced that it has extended its banking payment capabilities to German and Italian banks, aiming to invest in and grow its European offering.

Nuapay's expansion will allow German and Italian partners to offer open banking payment solutions, providing seamless account-2-account payments to their customers.

The company has connected to a further 308 banks in Italy and 435 banks in Germany, covering an estimated 98% of Italian payers and 70% of German payers.

Furthermore, Nuapay's payment integrations will be extended to other European markets in coming months, including Spain, making it one of Europe's leading open banking payment platforms.

Commenting on the rollout, Nick Raper, Director of Nuapay said: “Enabling access to secure and efficient Open Banking payments within Germany and Italy comes at an opportune time as the pandemic puts the final nail in the cash-coffin. Access to Nuapay's Open Banking connections, via our platform, will allow businesses to avoid high card payment fees and deliver more secure payment options to customers.”