Pleo teams up with Salt Edge for upgrading its payment services

B2B spending solution Pleo has teamed up with Salt Edge, leader in developing open banking products, for full compliance with PSD2, thus enabling its 15K+ clients spread across Europe to enjoy value-added services and transparent payment experiences. 

PSD2 has raised several challenges for financial institutions in order to become compliant. Pleo’s choice was reduced to two options: try and do it all by itself (which required lots of time and expertise) or turn to Salt Edge – who has created and successfully integrated its PSD2 Compliance solution with banks and eWallets all over Europe. The API fulfills the required services and functions including secure connection of TPPs, TPP developer portal and their verification, client dashboard, and much more. With the comprehensive documentation, TPPs can seamlessly integrate with the Pleo’s interface.

The benefits for the Pleo’s customers were never questioned. The only challenge was committing to a solution in optimum time, as implementing the compliance solution internally implies the commitment of substantial resources. After thorough research and offers comparing, we chose Salt Edge. Its full compliance solution checked all the boxes but the most important factor was the deep knowledge of the European market, especially Scandinavian. The smooth and fast implementation gave us the confidence that we chose the right partner and now, after being live for some time, we know we’ve made the right decision.

Federica Erilmi, Pleo Legal Counsel and DPO

Pleo is active in 6 European countries: Denmark, the United Kingdom, Spain, Sweden, Germany, and Ireland, meaning that implementing the PSD2 Compliance Solution created by Salt Edge has automatically enabled SMEs from these countries to gain more complete business propositions, by having the possibility to access their accounts or initiate payments directly from third-party apps.

We’re always happy to team up with companies thinking and acting primordially for the benefit of the end-users. Pleo has an ambitious expansion plan and we’re happy to support it. Being PSD2 compliant helps end-users connect and centralise their expense flows right from one unique application – thus gaining so much more liberty in actions and time.

Lisa Gutu, Head of Business Development at Salt Edge

More information on the PSD2 Compliance Solution from Salt Edge can be found here.

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.

More information: www.saltedge.com
Phone number: +1-437-886-3969
Email: press@saltedge.com

About Pleo

Expense reports and out-of-pocket purchases just don’t work for today’s forward-thinking teams. They take power away from your people and add stress. They make a serious mess for your accountant to clear up. Pleo offers smart company cards that enable employees to buy the things they need for work, all while keeping a company’s finance director in control of spending. Simplify bookkeeping, eliminate expense reports, revolutionise your business.

More information: www.pleo.io
Email: info@pleo.io

Salt Edge report

Discover what is the current state of open banking payments in Europe in 2021

Download now

Related articles

5 min read Jan 2022

Variable Recurring Payments – the whats and the whens around the hottest topic in payments

Open banking payments are already shifting the way consumers and businesses pay and get paid. And the numbers are starting to finally back up the open banking hype with over 3 million successful payments within the UK, in November 2021 alone (compared to 4 million in the entire 2020). While…

3 min read May 2020

HyperJar to achieve full PSD2 compliance with Salt Edge

Salt Edge, a leader in developing open banking solutions, enables UK fintech HyperJar to follow PSD2 requirements and provide new open banking capabilities. Budgeting app and eWallet HyperJar helps people plan their spending by allocating money into multiple jars, using each of these mini-accounts for different spending purposes: groceries, coffee,…

5 min read Jun 2019

Mambu and Salt Edge partner up to help more banks become PSD2 compliant

After joining forces in May 2019, Mambu and Salt Edge have announced a collaboration that will help more financial institutions become PSD2 compliant. The aim is to enable innovation in the banking industry and bring open banking one step closer to end-customers. Mambu is a SaaS banking engine, the cloud-native…

4 min read Sep 2020

Salt Edge brings open banking data to Deskera’s SME clients in Singapore

Provider of cloud-based business software Deskera partners with Salt Edge, leader in offering open banking solutions, to automate financial data aggregation for its SME customers. In Singapore, business digitalisation is supported on the national level through various initiatives like SMEs Go Digital programme and the Automation Support Package (ASP). Deskera…