large scale image
LCP Image

Back to TSCFM News

EML Open banking enters into 20 new countries

May 24, 2022

EML Open banking enters into 20 new countries
Nuapay, EML Payments Limited’s Open Banking business, is currently associated with banks in one more 20 nations in Europe, becoming one of the main open financial administrators to give total network across the Eurozone and venture into Eastern Europe and non-Euro Nordics. 

Nuapay’s network arrives at 2,250 banks in 28 nations across Europe, with the possibility to arrive at 420 million clients through its financial stage. Recently associated nations incorporate Austria, Czech Republic, Estonia, Finland, Romania, Slovenia and Sweden. 

Brian Hanrahan, CEO EML’s Nuapay Business Division, said: “We’re really glad to develop our open financial presence in Central and Eastern Europe and Scandinavia and for Nuapay to arise as one of the main suppliers with a sweeping Europe-wide reach.” 

Toward the finish of 2021, open financial leader, the U.K., encountered a 500% expansion in open financial installments in a year. Likewise, in the U.K., 70% of loan specialists hope to utilize open banking inside the following two years, a flood from the present 26%. 

EML’s extraordinary contribution abilities card giving, installment accounts, open banking, payouts and direct charges under one rooftop to assist with surpassing the assumptions for organizations looking for additional worth from installments. Its all-in-one resource approach has demonstrated especially appealing to B2B (Business-to-Business) organizations who need to give cash and gather installments in online business, BNPL (Buy Now Pay Later) and loaning. 

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp