PelicanPay has agreed a deal with Starling Banking Services to deliver pan-European invoice to payables automation for small businesses and merchant payment services.
The deal, announced at this week’s Money20/20 Europe, will see PelicanPay – who recently secured full FCA Accreditation – utilise Starling Bank’s payments processing platform to provide payment services to a broad range of SMEs, corporates and merchants looking to benefit from the growth opportunities provided by Open Banking.
The Pelican Pay suite of payment services ensures full PSD2 compliance and strong customer authentication for all required transactions, while its Open Banking hub integrates with accounting packages to automate business and salary payments and account reconciliations on a pan-European basis.
Julian Sawyer, Head of Banking Services at Starling, said: “PelicanPay is one of the leading innovators in the Open Banking model and it is an ideal fit for Starling’s banking services capabilities.”
Parth Desai, founder and CEO of Pelican and PelicanPay, commented: “We are very pleased to be partnering with Starling Bank to offer payment and account information services through the PelicanPay hub. PelicanPay provides businesses with a complete business invoice to payables automation service and merchants with online payments on a pan-European basis.
“We see these services as being particularly attractive to SMEs and merchants, enabling them to focus on delivering their core proposition to customers, while PelicanPay takes the pain out of the payments process in a cost-efficient manner.”