Open Banking: Plaid Continues Global Expansion, Now Offering Services in More European Markets

Open Banking provider Plaid is continuing to expand its services around the world – focusing for now on Europe.

According to a note from the company, Plaid is now live in 8 markets, having recently added Spain and Poland and offering data connectivity in Germany. Plaid said it is building upon launches earlier this year in Italy, Ireland, and the Netherlands.

Plaid said that additional European countries would launch soon, including Sweden, Norway, Denmark, Estonia, Lithuania, and Latvia.

Plaid continues to add to its “Payment Partner Ecosystem” to include two new payment providers: Norbr and GlobePay. Both use Plaid’s open banking tech to make it easier for people to make online transactions directly from their bank accounts.

Plaid said in a blog post that they are always looking for ways to meet local needs in the ongoing transition to digital finance:

“As such, in Spain, we offer an app-to-app experience, where users are automatically redirected to their mobile banking app to authenticate and authorise access to their account data or to initiate payments from the account. This creates a smooth customer experience and helps to increase conversion on mobile flows.

Our expanded coverage has enabled companies like Kraken to offer easier, faster onboarding and account funding experiences across Europe. In these markets and all others we cover, we ensure at least 90% coverage of consumer and business accounts, often covering over 99%. Stay tuned for more coverage expansion with Sweden, Denmark, Norway, Lithuania, Latvia and Estonia coming soon!”

 

 

Sponsored
Sponsored Links by DQ Promote