OpenPayd Taps Token to Unlock Open Banking

OpenPayd, a digital Banking-as-a-Service business dedicated to improving and simplifying access to payments and banking, has announced its new partnership with leading open banking infrastructure provider, Token.io LTD to become the one-stop-shop for its corporate customers’ banking and payments needs.

By partnering with Token, institutions using the platform will be able to access ability to offer their own customers Open Banking services.

Through the integration with Token’s API platform, OpenPayd’s customers will gain the ability to bring together business and corporate bank accounts from multiple institutions into a single dashboard, where they can manage their balances and seamlessly initiate payouts to beneficiaries.

In the second phase, OpenPayd will introduce its simple and secure Open Banking API, enabling its customers- crypto, financial institutions, remittance companies, lenders, and online marketplaces - to offer banking, payments and Open Banking services directly to their own customers.

Commenting on the partnership, OpenPayd Chief Product Officer Adam Bialy said: “Our partnership with Token marks our commitment to furthering the potential of Open Banking in the B2B space by making its benefits available to corporate customers through a simple and elegant integration. We look forward to launching new enterprise tools and workflows that will make the most of the promise and potential of Open Banking and will maximise its value for our customers and their customers in turn. ”