Plaid adds 3 partners to Open Banking network

Plaid has added three new European partnerships to its network – Primer, UniPaas, and NoFrixion.

The Open Finance data network and payments platform said that additional partners mean more vendors and merchants can access Open Banking.

“Despite the obvious growth opportunities, keeping up with the tech landscape can be onerous for merchants,” said Farid Sedjelmaci, European partnerships lead, Plaid. “Account-to-account payments are an addition to an ever growing list of new payment types, and Open Banking data for onboarding may seem like an additional complication.

“Instead, PSPs can offer all of the necessary solutions for improved payment journeys and onboarding so their customers can tailor offerings to the local market needs.”

The FinTech says that, through these partnerships, Plaid embeds its Open Banking payments and account information services within partner companies’ respective payments platforms.

With Open Banking capabilities embedded, merchants and vendors can offer account-to-account payments as an alternative payment method in their checkouts.

The new partnerships are part of Plaid’s payment partner ecosystem, which incorporates over 50 providers across North America and Europe.

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