Cellular Fee Options (MPS), Belgium’s regulated cost establishment, has joined forces with open banking chief Salt Edge to launch PSD2-compliant APIs.
By teaming up with Salt Edge, MPS hopes it is going to be in a position to higher serve its increasing shopper base, from fintechs and e-commerce platforms to mobility and hospitality manufacturers, which more and more view funds as strategic alternatives for person engagement.
Initially accessible within the Netherlands and France for each retail and company accounts, all licensed third-party suppliers (TPPs) all through the European Financial Space will have the ability to entry the brand new APIs. By combining MPS’s cost infrastructure with Salt Edge’s intensive connectivity throughout European banks and compliance experience, the partnership lays the groundwork for scalable, next-gen monetary companies.
To safe an exemption from the fallback mechanism, MPS leveraged Salt Edge’s Open Banking Compliance resolution, which ensures the APIs are dependable, well-documented, extensively used, and supply efficiency on par with conventional banking interfaces.
“We see this partnership with Salt Edge as a key enabler of smarter, extra responsive cost experiences,” defined Jan Harboort, CEO of Cellular Fee Options. “If a printer can order its personal ink, why shouldn’t a cost system know what worth so as to add at precisely the suitable time? With Salt Edge’s open banking infrastructure, we’re constructing a platform that doesn’t simply course of funds, however anticipates person wants and delivers actionable perception in actual time.”
Delivering data-enriched monetary companies
The brand new resolution will allow AISPs to retrieve account balances and transaction knowledge, whereas additionally guaranteeing PISPs can provoke funds instantly from person accounts and ensure the supply of funds earlier than authorising transactions.
MPS powers safe, real-time fund motion in B2B, B2C, and embedded finance contexts. By enriching transactions with contextual knowledge, real-time insights, and loyalty options, it goals to rework routine funds into value-added experiences that drive buyer satisfaction and retention.
“Salt Edge views compliance as a driver of innovation,” added Victor Colta, product proprietor at Salt Edge. “By enabling MPS to stick to strict PSD2 requirements, we’re establishing a foundation for sturdy and reliable APIs that third-party suppliers can trust in, relatively than merely fulfilling obligations. Whereas the initiative is presently in early-stage rollout, it represents a major step ahead in delivering smarter, data-enriched monetary companies with a full-scale European activation on the horizon.”
The information comes shortly after Salt Edge teamed up with RiseUp, the AI-driven monetary insights software, to allow monetary establishments to determine key monetary moments higher and assist shoppers take motion, supporting efforts saving, lending, or constructing long-term monetary well-being.
