This will help Opaay – formally known as The Open Banking Portal (TOBP), to enrol clients in payments across Europe, irrespective of the payer’s bank. Credit: Chris Liverani on Unsplash

UK-based Opaay has selected ibanXS as their PSD2 / Open Banking platform across Europe, gaining access to over 1,550 European banks connected to ibanXS.

This will help Opaay – formally known as The Open Banking Portal (TOBP), to enrol clients in payments across Europe, irrespective of the payer’s bank.

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ibanXS CCO and co-founder Edy Bruinooge called Opaay a “natural partner” and its first international client outside The Netherlands.

Bruinooge noted: “It shows that we practice what we preach here at ibanXS: we are the pan-European PSD2 Open Banking platform and not just a local Dutch solution.”

Opaay offers merchants, banks, payment gateways access and technical connection to the global Open Banking environment.

It processes bank transactions through ibanXS as well as licence, white label and offers its technology on a SaaS basis. The Opaay solution in collaboration with ibanXS has gone live on 1 June 2021.

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Opaay CEO Andy Acton said: “The choice to partner with ibanXS was a simple one. Their connections to a range of banks matches our needs perfectly, and where we require a bank that they do not yet have on the ibanXS platform, this is immediately remedied.

“Their market leading offering, excellent service and cooperation is a great fit for us and importantly for Opaay users. By teaming with ibanXS we can now provide our clients looking for EU payment facilities excellent coverage and service.”

ibanXS secured received a PSD2 licence from the Dutch central bank earlier this year.

This enables it serve as a licenced account information and payment initiation service provider.