American Express partners Yapily for European Open Banking payments

American Express has partnered with Yapily to help deliver its Pay with Bank Transfer payment initiation service across Europe.

The agreement will enable American Express to reach new markets with its Open Banking payment product, increasing the benefits, support and innovation offered to its merchant customers.

Pay with Bank Transfer will use Yapily’s Application Programming Interface (API) to gain bank coverage across selected European markets over the coming months.

American Express will retain full control of the user interface and experience - meaning end users are taken through the Pay with Bank Transfer payment journey - with no interruptions or Yapily redirects.

The system will use biometric authentication and instant payment APIs where available to ensure faster payments for merchants.

Stefano Vaccino, chief executive and founder of Yapily, commented: “The partnership is the first real step to bringing Open Banking payments to everyone across Europe and the UK."

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