Open banking payment providers
Open banking payments — also called pay by bank or account-to-account payments — let a shopper approve a payment straight from their banking app, through regulated APIs banks must provide under PSD2 in Europe and Open Banking in the UK. The merchant receives a bank transfer, usually instantly, with lower fees than cards and no chargebacks, and because the customer authenticates with their own bank, fraud is lower too.
Open Banking providers and methods
similar categories
Ranked by how many of the same providers support themExplained in the glossary: Open Banking · Strong Customer Authentication (SCA) · PSD2 (Second Payment Services Directive) · Account-to-Account (A2A) Payments
Which open banking payment providers are there?
PaymentsDatabase lists 34 options: Orca, PayPal, HiPay, MiFinity, Nuvei, Jeton, Adyen, Stripe, Skrill, OpenPayd and 24 more.
What is similar to Open Banking?
Bank Transfer, Gateway, Cards, Direct Debit, BNPL, POS, Wallet and Card Issuance — ranked by how many of the same providers support them.
Compiled from public sources. How we compile this