DECTA Open Banking: More Regions for a Better Market Reach

Instant payments are widely established as the new standard, sweeping over the entire finance sector – from increased expectations by the new generation of tech-savvy consumers to its inclusion in banking authority key initiatives. This places additional pressure on merchants, forcing them to adjust their transaction models. 

Open banking is an online payment architecture that facilitates a new range of data and payments capabilities. By allowing banks to open their application programming interfaces (API) for authorized Payment Initiation Service Providers (PISP) it enables fintechs and other service providers to bootstrap innovation in financial services. 

In the past few years the technology has been used to develop multiple products and services for eCommerce, accounting, online banking and beyond. Examples of application include loans, subscriptions, payment data aggregation, and financial forecasting. However, the most impactful use case for Open Banking today is instant account-to-account payments between merchants and consumers.

DECTA Open Banking is a fully PSD2 compliant, host-to-host solution built to address both merchant and consumer demand for instant payments. 

It enables merchants to leverage the increasingly popular payment method of Open Banking to quickly and easily transact with consumers from across the EU. 

Key advantages include:

Immediate account-to-account payments and payouts

Simple integration with authorized banks and financial institutions

Seamless B2C transactions

No chargebacks

 

The team behind DECTA Open Banking solution is constantly working to make sure we deliver maximum value to our customers. With the recent update, the service has been upgraded with additional geographies. 

As of Q3 2022, DECTA Open Banking is available in the following countries:

Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden.

Get in touch with us to discuss how the DECTA Open Banking solution can help your business grow today.