Payment Partner Ecosystem Enables Next Generation eCommerce in Europe

Image of mobile payment
  • Global open finance data network Plaid has added Primer, UniPaas, and NoFrixion as partners to its Payment Partners Ecosystem
  • The partnerships will open the door for eCommerce companies to benefit from open banking infrastructure to improve their onboarding and payments processes 

Plaid, the global open finance data network, and payments platform have announced an expansion of its Payment Partner Ecosystem to include three new European partnerships – Primer, UniPaas, and NoFrixion. As a result, more vendors and merchants can leverage open banking in order to improve operations and lower costs. 

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 and streamline merchant and vendor onboarding or verification processes​​. 

These partnerships are a part of Plaid’s Payment Partner Ecosystem, which incorporates over 50 providers across North America and Europe and offers a range of tools and services used to build improved digital payment journeys. New partners include: 

  • Primer is a no-code automation platform for businesses that allows for the streamlined building of improved payment experiences.
  • UniPaas provides an embedded finance platform for B2B SaaS companies. 
  • NoFrixion is an EU-based programmable money API that replaces banks with software solutions. 

Farid Sedjelmaci, European Partnerships Lead at Plaid, said: Despite the obvious growth opportunities, keeping up with the tech landscape can be onerous for merchants. 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.” 

Nabeel Saeed, Head of Partnerships at Primer, commented: “We’re excited to partner with Plaid to create new shopping experiences and support their mission to democratize financial services. Working with Plaid will mean Primer’s merchants worldwide can enable secure and seamless activation of Open Banking and account-to-account payments on their checkout in just a few clicks.” 

Feargal Brady, Founder & CEO of NoFrixion, commented: “NoFrixion are excited to work with Plaid, helping businesses say goodbye to Internet Banking, online fraud, and chargebacks.” 

Hacking Cyber Security’s battle for workers

Andrew Marsh • 30th September 2022

Cyber attacks are increasing exponentially, cyber professionals are quitting, and ultimately, no one is replacing them. Worldwide, the cyber workforce shortfall is approximately 3.5 million people. We have a mountain to climb. While there are rising numbers of people with security degrees and qualifications, this falls way short of industry demand.

Getac becomes British Touring Car Championship official technology partner

Chris Gibbs • 29th September 2022

In competitive motorsports, the smallest detail can be the difference between winning and losing. Getac is the official technology partner to the British Touring Car Championships (BTCC) helping it achieve its digital transformation goals, putting a wealth of information at the fingertips of both race officials and teams alike, and helping deliver incredibly exciting racing.

The Time is Now for Digital Transformation

Paul Waddilove • 29th September 2022

According to a McKinsey research report, 70% of enterprises that had taken on digital transformation reported in 2020 that their momentum had stalled. It is worth understanding the reasons–culture or scale for example–causing the slowdown as the payoffs from digital transformation can be impressive. It can lead to more efficient operations, with enterprises enjoying autonomy...

Addressing the environmental impact of the data centre

David Watkins • 29th September 2022

David Watkins, solutions director at VIRTUS Data Centres , share how you may have seen the recent news that Thames Water has launched a probe into the impact of data centres on water supplies in and around London, as it imposed a hosepipe ban on its 15 million customers in a drought-hit area. Ensuring that...

How Can Businesses Ensure Efficient Management of COSU Devices

Nadav Avni • 29th September 2022

Nadav Avni, Chief Marketing Officer at Radix Technologies, shares how when it comes to speeding up queues and providing instant information, nothing beats corporate-owned, single-use (COSU) devices. When put in kiosk mode, these devices become efficient digital assistants that collect and share information.

The Cloud – Debunking the Myth

Guy Parry Williams • 26th September 2022

Mid-sized businesses are head down, wrestling with constantly evolving operational challenges, from skills shortages to supply chain delays and raging inflation. Management teams lack the time and often confidence to explore technology innovation and, as a result, too many companies are missing vital opportunities to cut costs, boost efficiency and reach new customers.