Yapily partners with American Express to enable open banking payments in Europe

The open banking infrastructure provider Yapily has joined forces with American Express to deliver its Pay with Bank Transfer payment initiation service across Europe. 

The agreement will enable American Express to reach new markets by using Yapily’s open API to gain bank coverage across selected European markets over the coming months. With Yapily’s API operating behind the scenes, American Express remains in full control of the user interface and experience.

It will also make full use of biometric authentication and instant payment APIs where available to ensure faster payments for merchants. 

“American Express is a leading global provider of payments services, and we’re delighted to be merging our open banking expertise with its extensive network and trusted brand to unlock greater choice and increased benefits for businesses,” said Stefano Vaccino, CEO and founder of Yapily.