An API aggregator and platform as a service (PaaS) provider that will help you automate your banking needs with regards to account & transaction information and payment initiation. As an aggregator we simplify your connectivity to the network of banking, with one single API.
The decentralization of banking services and information. Previously banks monopolized the industry, but with Open Banking the user will control and own their data and allow for other services to perform payments and collect account information on their behalf.
“The second Payment Services Directive” (PSD2) is the legal framework setting the standard for the banks to adopt to the Open Banking landscape. It incentivises the banks to provide open APIs for anyone with a valid license to connect to.
No, Open Payments is a licensed account information & payment initiation provider by Finansinspektionen (Sweden’s financial supervisory authority). You can utilize our license free of charge, but if you are a licensed provider you can of course use your own license.
We have no startup fees, no hidden costs or lock-up periods for those who want to start building with our API. Best of all you can start using it for free and scale as you grow! Get started for free here!