Shoptet teams up with Salt Edge to offer instant cardless payments from account to account
Shoptet, the largest provider of e-commerce solutions in the Czech Republic, Slovakia, and Hungary, joined hands with Salt Edge, a leader in offering open banking solutions, to enable immediate payments and money transfers from account to account without the need to use a payment card.
Analysis of the current state of the Czech payment ecosystem and the local e-commerce market demonstrates a significant fintech shift, that is just gathering pace worldwide. Shoptet’s data show that 34% of customers choose account-to-account transfer as a payment method, 31% – cash on delivery, 29% prefer card payments, and only 6% choose cash payment on the spot. And it becomes evident that in the coming years, account-to-account payments can transform the entire market.
Teaming up with Salt Edge and leveraging open banking-powered payments, Shoptet enables more than 30,000 Czech e-shops that use the Shoptet Pay payment gateway, to enjoy an instant payment experience. Salt Edge Payment Initiation solution helps Shoptet to integrate with more than 2,300 banks across Europe to offer merchants an affordable and faster payment option, eliminating the expensive card processing fees from payments. While the Account Information solution will help their merchant clients automatically reconcile payments.
The advantage of fintech and PSD2-enabled payments compared to current online bank transfers is, among other things, that funds do not go through any intermediary, the transfer takes place from account to account, and this results in considerable acceleration, simplification, and is completely safe. And we’re excited to partner with Salt Edge, being tied by a common goal to foster innovation and to offer the best payment experience.
We’ve had with Shoptet an instant match in our goals to ease the lives of merchants and various other businesses, giving them the tools to innovate and grow. Open banking offers this flexibility, and we’re happy to assist Shoptet in empowering its clients with a safe and faster payment solution powered by open banking,”
About Shoptet
Shoptet is the largest provider of e-shop solutions in the Czech Republic, Slovakia and Hungary. We have over 30,000 e-shops under our wings. In addition to following trends and constantly improving the system, we rely on professional and at the same time human customer and technical support. In addition, we cooperate with the biggest leaders in e-commerce.
More information: www.shoptet.cz
About Salt Edge
Salt Edge – a financial API platform with PSD2 and open banking solutions for every business. 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 5,000+ financial institutions in 50+ countries.
More information: www.saltedge.com
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Email: press@saltedge.com
Salt Edge report
Discover what is the current state of open banking payments in Europe in 2021
