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.” 

AI alignment: teaching tech human language

Daniel Langkilde • 05th February 2024

However, Embodied AI refers to robots, virtual assistants or other intelligent systems that can interact with and learn from a physical environment. In order to do this, they’re built with sensors that can gather data from their surroundings, with this they also have AI systems that help them analyse data they collect, and ultimately learn...

CARMA announces acquisition of mmi Analytics

Jason Weekes • 01st February 2024

CARMA announces acquisition of mmi Analytics, expanding expertise in Beauty, Fashion, and Lifestyle sectors The combined organisation is set to redefine the landscape of media intelligence, providing unparalleled expertise and comprehensive insights for PR professional and marketers in the exciting world of beauty, fashion and lifestyle.

Managing Private Content Exposure Risk in 2024

Tim Freestone • 31st January 2024

Managing the privacy and compliance of sensitive content communications is getting more and more difficult for businesses. Cybercriminals continue to evolve their approaches, making it harder than ever to identify, stop, and mitigate the damages of malicious attacks. But, what are the key issues for IT admins to look out for in 2024?

Revolutionizing Ground Warfare Environment with Software-Enabled Armored Vehicles

Wind River • 31st January 2024

Armoured vehicles which are purpose-built for mission-critical operations are reliant on control systems that provide deterministic behaviour to meet hard real-time requirements, deliver extreme reliability, and meet rigorous security requirements against evolving threats. Wind River® has the partners and the expertise, a proven real-time operating system (RTOS), software lifecycle management techniques, and an extensive track...

The need to prove environmental accountability

Matt Tormollen • 31st January 2024

We are currently in the midst of one of the most consequential energy transitions since records began. The increasing availability of clean electrons has motivated businesses in the UK and beyond to think green. And for good reason. Being environmentally conscious attracts customers, appeases regulators, retains staff, and can even gain handouts from government. The...

Fuelling Innovation in Aftermarket

Jim Monaghan • 31st January 2024

One section of the motor trade is benefitting from the cost-of-living crisis: with consumers keeping their cars for longer, independent repairers are in huge demand. But they are also under pressure. Older cars need more repairs. They require more replacement parts, tyres and fluids. With car owners looking for value and a fast turn-around, independents...

The return of the five-day office week

Virgin Media • 25th January 2024

Virgin Media O2 Business has today published its inaugural Annual Movers Index, revealing four in ten companies are back to the office full time, despite widespread travel delays and disruptions With 2023 cementing the cost-of-living crisis, second hand shopping and public transport use surged as Brits sought to save money Using aggregated and anonymised UK...