Open Banking is the new way for consumers to pay. Customers pay by bank transfer, sending funds directly from their bank account to the merchant. It is fast and secure, all with no cards and no data entry.
Using Nuapay’s Open Banking solution, merchants get all the features expected of a modern payment method. Refunds, recurring payments, instalment plans, and full reconciliations, are already part of our solution.
Fast and simple customer checkout with no card details to enter
Merchant receives money (and sends refunds) in real-time
Instalment plans & recurring payments with one click
Real-time webhooks to confirm payment status
Fully SCA compliant payment method, lowering your fraud rates
Consumers connect securely to their internet or mobile banking to make a payment
No credentials or account details disclosed to merchant, so no PCI DSS requirements.
One, simple, low-cost fee
No charges on failed or declined transactions
Full reconciliation files
Simple API integration
Using Open Banking, customers initiate a payment to a merchant or corporate using their mobile banking App or online banking webportal, in exactly the same way that they would pay with bank transfer. Funds are then transferred to the merchant immediately using the real-time banking rails.
Nuapay is a pioneer and industry leader in Open Banking payments. Our API based payment method, provides a complete payment solution that addresses all of your needs, whether you be a PSP, merchant, or a payer. Our solution provides:
Complete payment functionality
Comprehensive bank coverage
Immediately accessible funds
Modern API integration
24/7 live operations
Support for PSPs
Open Banking World Series Report
See the benefits of Open Banking solutions and why merchants are starting to adopt these payment methods
Future of Open Banking with Worldpay
See how easy it is to connect to our APIs to start accepting payments direct from your customers’ bank accounts today