Ecommpay expands partnership with Token.io to improve Open Banking in Europe

Ecommpay, a global payments platform, has extended its partnership with Token.io, a leading A2A payment provider, to include virtual accounts in the Netherlands, Spain, France, and Ireland. This expansion within Ecommpay’s Open Banking Advanced product aims to improve cash flow and customer experience for e-commerce businesses by enabling real-time settlement confirmation and API-driven refunds or payouts. The inclusion of local settlement IBANs reduces the risk of IBAN discrimination and facilitates faster fund acceptance through SEPA Instant.

Ecommpay's Chief Revenue Officer, Moshe Winegarten, emphasized their commitment to financial inclusion and local payment capabilities. Token.io's CEO, Todd Clyde, highlighted the partnership's potential to transform payment experiences. With open banking payments projected to reach 5.3 billion across Europe by 2027, Ecommpay's initiative underscores its pioneering role in providing cutting-edge payment solutions since 2020, enhancing financial efficiency and inclusivity for merchants and end-users alike.

Source: Ecommpay