Partnership will let merchants offer open banking payments at checkout.
Online retailers have to deal with a dizzying number of different payment options that exist in 2021—from credit cards to buy now, pay later.
Not to mention the rise of open banking payments, which don’t yet have clear branding or consumer awareness.
Today Moneyhub is trying to solve part of the problem, through a partnership with payment platform BR-DGE, which will see open banking payments easily added for retailers to choose from.
BR-DGE already offers online retailers a plethora of payment options through its once platform, making it trivial to add Stripe, Klarna, PayPal or any other of a host of payment pathways.
Now BR-DGE’s customers like First Group will be able to choose open banking payments powered by Moneyhub too.
“Providing access to a world of traditional and innovative payment solutions through the click of a button is the future of payments. Offering Open Banking as part of this is a key piece of this puzzle,” said BR-DGE CEO Brian Coburn.
“We are on a mission to put payment power back in the hands of merchants and their customers, and we believe the scale and impact of failed payments has largely been brushed under the carpet.”
For Moneyhub the partnership expands the fintech’s reach and hopefully awareness of the reduced fees, instant settlement and better security that open banking payments provide.
“Both merchants and consumers have so much to gain from bank-to-bank payments—security, speed, efficiency, and cost,” said Moneyhub CEO Sam Seaton.
“Scaling up payments is a truly vital task and partnering with BR-DGE further enhances consumer options."
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