Openpay, a leading provider of buy-now-pay-later solutions, has announced a strategic partnership with Yapily, a leading open banking infrastructure provider.

This collaboration between Openpay and Yapily aims to revolutionize the payments landscape by combining the power of Open Banking with seamless buy-now-pay-later functionality. By leveraging Yapily’s cutting-edge technology, Openpay will be able to provide its customers with enhanced payment experiences, increased financial security, and improved access to credit.

The partnership will enable Openpay to securely access consumer financial data from various financial institutions, allowing the company to make more informed lending decisions and offer tailored payment solutions to its users. Through Open Banking, customers will also have the ability to easily connect their bank accounts and initiate payments directly from within the Openpay app, simplifying the checkout process for online purchases.

According to Michael Richards, CEO of Openpay, “Partnering with Yapily marks an important milestone for Openpay as we continue to innovate and strive to deliver the best possible payment solutions for our customers. By integrating Yapily’s open banking infrastructure, we will significantly enhance our capabilities and provide a more personalized and secure experience for our users.”

In addition to empowering consumers, this partnership will also benefit merchants using Openpay’s platform. Through Yapily’s robust API, merchants will gain deeper insights into their customers’ financial behavior, allowing them to optimize their offerings and improve customer loyalty. Furthermore, the partnership will foster increased competition, driving innovation and ultimately benefiting consumers through improved access to financial services.

This collaboration represents a step forward in the fast-growing fintech industry, where open banking and buy-now-pay-later solutions are gaining traction. By joining forces, Openpay and Yapily are well-positioned to stay ahead of the curve and provide market-leading payment solutions.

“The partnership will enable Openpay to securely access consumer financial data from various financial institutions, allowing the company to make more informed lending decisions and offer tailored payment solutions to its users.” – John Smith, CTO of Openpay

To learn more about Openpay, visit their official website www.openpay.com.au.

To learn more about Yapily, visit their official website www.yapily.com.