Partnering with payment service providers to enable the next generation of ecommerce in Europe

Plaid is partnering with three new Payment Service Providers (PSPs) - NoFrixion, UNIPaaS, and Primer - to enable the next generation of ecommerce in Europe by providing merchants and marketplaces with open banking solutions that simplify payments journeys, lower costs, and enhance customer experiences. These partnerships aim to democratize financial services and support Plaid's mission to provide secure and seamless activation of Open Banking and account-to-account payments on checkout platforms. With these integrations, PSPs can offer account-to-account payments as an alternative payment method, streamline merchant and vendor onboarding processes, and reduce transaction costs while improving customer journeys. The partnerships also address the growing need for merchants to manage online fraud and chargebacks, providing permissioned access to vendor and merchant financial data to verify and authenticate merchants and vendors during onboarding.

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