Payment Expert’s Fintech Unwrapped delivers the latest and developing news that has shaped the sector over the course of the week.
This week, Stripe has committed to the growth of Pay by Bank alongside TrueLayer by launching the payment method in France and Germany, while OpenPayd teamed up with Ripple to help build the crypto firms stablecoin ambitions.
Stripe & TrueLayer launches Pay by Bank in Germany & France
Stripe accelerated the rollout of Pay by Bank in France and Germany on 2 July through a new partnership with TrueLayer, integrating the account-to-account payment method into its checkout experience.
The collaboration enables Stripe to use TrueLayer’s open banking infrastructure to connect directly to bank accounts across Europe. This allows merchants and consumers in France and Germany to initiate Pay by Bank transactions without entering card details, authorising payments directly from their bank accounts.
Both companies see strong growth potential for the payment method. TrueLayer has already processed €2 billion in transactions in France and €1.4 billion in Germany, with Pay by Bank expected to reach €30 billion in transaction volume across the EU by 2028.
“By leveraging TrueLayer’s open banking infrastructure, we’re enabling German and French businesses to accept payments directly from bank accounts, making transactions faster, safer, and more affordable,” said Sebastian Vetter, TrueLayer Country Manager for Germany.
OpenPayd supports Ripple’s RLUSD growth
OpenPayd is supporting Ripple’s payment push after the fintech infrastructure firm announced on July 2 it will broaden the scope of digital currencies alongside its fiat counterpart.
OpenPayd’s global fiat infrastructure will support Ripple Payments in EURO and GBP and provide payment rail infrastructure Ripple’s native stablecoin RLUSD, having also recently launched a stablecoin infrastructure service.
This solution facilitates cross-border payments, global treasury management, and access to US dollar liquidity, as enterprise demand for stablecoins grows.
“By combining Ripple Payments with OpenPayd’s rail agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain,” said Iana Dimitrova, Chief Executive at OpenPayd.
Tink delivers Open Banking to Chip
Tink will provide its Payment Initiation Services product to wealth app Chip to perform Open Banking-backed money transfers for Chip users.
Announced on July 2, Tink will seek to provide a new, secure option for Chip users to top-up the funds from within their app to save and distribute their money.
“It’s brilliant to partner with Tink, whose open banking solutions provide a fast and secure option for our users adding money to their savings on the Chip app. We’re looking forward to working with the Tink team to promote these payment options, with a few more exciting updates coming soon,” said Alex Latham, Chip Co-Founder.
ClearBank opens quicker access to EU payments for Orbital
ClearBank Europe opened access to IBANs and SEPA Instant for cross-border platform Orbital to manage euro bank transfers more efficiently on July 2.
Integrating ClearBank Europe’s embedded banking solutions, Orbital will be able to offer its customers a pathway for more compliant and faster European payments, backed by AML and KYC checks, and bypass traditional complex infrastructure costs associated with payment rails like SWIFT.
“This collaboration marks a significant milestone for Orbital, providing direct access to real-time euro clearing, named IBANs, and SEPA infrastructure and we are pleased to be supporting this delivery to their customers”, said Ezequiel Canestrari, Chief Operating Officer at ClearBank Europe. “It’s an exciting time for both Orbital and ClearBank Europe as we work together to deliver enhanced financial solutions.”
Do Payment aims for quicker LatAm payment connection
Do Payment launched a new pay-in service on July 1 to perform faster digital commerce payments for companies within the sports betting and online gaming industries across Latin America.
The company is seeking to mitigate two challenges; faster liquidity and elimination of reliance on intermediaries. Do Payments operates with a proprietary infrastructure and direct connections with banks, acquirers, and local payment systems to connect companies quicker.
“Do Pay emerges as a service specialized in payment collection with the fastest settlement in the market, ideal for operators who need to use the funds for daily operations,” said Valentina Brero, Chief Product Officer at Do Payment.
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