Nuapay has announced the expansion of its Open Banking platform to Italy and Germany.

The rollout will connect 308 banks in Italy, and 435 in Germany, to the company’s Open Banking platform.

The expansion covers 98 per cent of Italian payers, while reaching about 70 per cent of German payers.

Nuapay’s Open Banking service currently covers more than 90 per cent of both UK and France’s payers.

The company plans to extend its platform to other European markets, including Spain.

“Enabling access to secure and efficient Open Banking payments within Germany and Italy comes at an opportune time as the pandemic puts the final nail in the cash-coffin,” said Nick Raper, director of Nuapay. “Access to Nuapay’s Open Banking connections, via our platform, will allow businesses to avoid high card payment fees and deliver more secure payment options to customers.

He added: “As Nuapay is one of the only Open Banking providers with a fully inclusive payment solution, including integrated money movement, refunds, recurring payments, instalment plans and full reconciliations, partners are empowered to deliver innovative payment experiences to customers, and expand their service offerings.”

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