ConnectPay partners with Salt Edge to offer a smooth open banking payments experience
ConnectPay, one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania, joined hands with Salt Edge, a leader in providing open banking solutions, to offer the best payments experience to its customers in Germany and the Netherlands.
Living in the continuously shifting world of fintech, modern customers are always seeking instant, secure, simple, and most importantly, fully-fledged solutions. The disruptive future of digital banking and the whole fintech industry bolster the transformation of niche EMIs into an all-in-one fintech engine with a broad range of services. ConnectPay, an ambitious member of the EU fintech scene, offers a one-stop shop solution for all payment facilities under one roof for internet-based companies while collaboration with Salt Edge complements the company’s strategic goal to implement open banking payments.
ConnectPay strives for the best user experience and has been looking for a partner that could help with integrating multiple APIs of banks across Germany and the Netherlands as the technical documentation differs depending on each bank and more resources are needed for analysis and development if all done in-house. Salt Edge Payment Initiation solution will allow ConnectPay to integrate with a list of all required financial institutions and offer merchant services based on open banking in Germany and the Netherlands, aiming to constantly widen the list of supported countries.
Collaborations and partnerships drive the fintech industry forward. Salt Edge lived up to our expectations and offered a one-size-fits-all solution to reach the most popular financial institutions in Germany and the Netherlands, rather than integrating them one by one. Combining the strengths of Salt Edge and ConnectPay will enable us to offer high-quality merchant services to our e-commerce customers.
We are excited to join hands with ConnectPay, a company dedicated to providing the most innovative solutions and seamless user experience to merchants through open banking technologies. Our solution provides ConnectPay access to major banks in Germany and the Netherlands with a single connection and enables them to offer high-quality merchant service to their customers.
ConnectPay is one of the fastest-growing Electronic Money Institutions (EMI) in Lithuania – the leading fintech hub in continental Europe – providing banking services for internet-based companies. By offering a One Stop Shop solution for all payment facilities under one roof, ConnectPay arrays smooth onboarding & boutique banking experience. ConnectPay is licensed and regulated by the Bank of Lithuania and is subject to the regulatory framework of the European Central Bank.
About Salt Edge
Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.
Salt Edge report
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