Open Banking payment provider Yaspa has teamed up with ISX Financial, an e-money platform, making its modular payment solutions more widely available across Europe.
Through ISX’s ‘Business Operating Account’ capability, companies using Yaspa will be able to open a business account with ISX Financial to hold and manage their funds, including those received and executed through Yaspa’s instant pay-in and payout services.
The partnership intends to make Yaspa’s payment solutions accessible to a broader range of businesses transacting in Europe, including those in sectors such as igaming.
James Neville, CEO of Yaspa
“The Open Banking technology that powers Yaspa means that payments in and out of an ISX Financial account are not only fast and simple for end-users to make, but they also include bank-grade account checks,” saidJames Neville, Yaspa’s chief executive officer and co-founder.
“This has proven to be particularly transformative for gambling operators who can benefit from account verification they can trust, without the friction of forms or extra validation tools.”
He added: “Integrated bank authentication also gives their players the option to deposit and withdraw funds using different bank accounts – for both closed-loop or open-loop payments that are secure and flexible.”
Earlier this year,Yaspa was awarded a government grant by national innovation agency, Innovate UK,for its B2B platform that combines payments and AI to help gambling operators identify vulnerable customers.
By using Open Banking technology, Yaspa will provide operators with access to player transaction data at the point of deposit which, it claims, enables them to build a “significantly broader and more accurate picture” of a player’s pan-operator activity.
Nikogiannis Karantzis, chief executive officer and managing director of ISX Financial, said: “Our partnership with Yaspa marks a significant milestone in expanding instant payment capabilities across Europe.
“We are focused on innovating the way businesses transact, offering seamless, secure, and real-time payment solutions tailored to meet the diverse needs of our clients.”
