TrueLayer launches partner programme for Stripe and others to offer open banking payments
Expanding the reach of account-to-account payments beyond just open banking providers.
The initiative is TrueLayer’s Payments Platform Programme and means third-parties can now in turn offer instant payments, payouts and open banking data access across some 20 European markets.
“Today’s announcement means that TrueLayer’s products and services will be available via a selection of best-in-class payment platforms servicing different verticals and business needs. And means everyone can benefit from safer, smarter and faster payments. The network we are building will power the next decade of payments.”
The announcement is also an acceptance that TrueLayer can’t single-handedly reach the entire payments market, at least, not without a little help.
In April 2023 there were 340.6m Faster Payments made in the UK, and of these, just 9.28m (or 2.72 per cent) were open banking payments.