Nuapay has extended its Open Banking capabilities to 190 million French bank accounts after connecting its technology with 55 banks operating in France.
Nuapay’s service is integrated with banks including Caisses Régionales du Crédit Agricole, Caisse d’Epargne / Banque Populaire, La Banque Postale, Société Générale, BNP Paribas, Crédit Mutuel, LCL, and Crédit Mutuel Arkéa to initiate payments instantly via Open Banking.
This means that Nuapay’s merchants, or those connected via its partnerships with PSPs, can accept and make SCA-compliant payments without being charged the significant fees associated with card schemes.
The company’s licensed solution enables customers to transfer payments directly from their bank account to merchants, who receive funds instantly. The solution can be used online for e-commerce, in-store through QR code payments and for in-app payment services.
“This is a tremendous opportunity for French merchants looking for a faster, smoother and more cost-effective payment solution,” said Pierre Delmotte, Business Development Manager at Nuapay.
“Access to our Open Banking platform, through easy-to-use APIs, will allow e-commerce and POS retailers to save time and resources, as well as broaden their service offerings.”