News from the Wire

VibePay continues efforts to bring open banking to consumers

Wednesday, February 24, 2021 — 12:26:53 (EST)

WEDNESDAY 24 FEBRUARY 2021 - VibePay has today announced it is bringing together AISP and PISP, leveraging its ability to practically apply Open Banking technology and take it to consumers. VibePay users can now connect all of their bank accounts to the app, giving them the power to view all of their balances, transactions and make payments in one place, regardless of who they bank with.

VibePay is the UK’s Open Banking champion, bringing this technology to businesses and consumers like no other. By building directly on top of Open Banking, VibePay is a bridge between what the technology enables and what consumers need. Making it useful and impactful to consumers' financial lives.

Luke Massie, CEO of VibePay, said: “For the first time on the app we are making use of AISP and bringing this technology alongside our payments functionality. This is a significant step on our mission to drive the adoption of Open Banking and an example of how our work is bringing this technology to life, whilst delivering tangible benefits to consumers. We want to be the go-to brand for consumers; they come to us and get all of the information they need on their finances.”

VibePay users can now:

Connect their UK bank accounts to the app, removing the burden of logging into multiple accounts to see their latest balances and transactions

Receive push notifications to get updates on the payments that matter the most, including salaries and payments from customers, friends and family

Take control of regular direct debits by having a clear view of any changes to upcoming payments, across all of their accounts at the same time.

Massie added: “We’ve seen China and the US lead the way with WeChat and CashApp, yet consumers in Europe are still using outdated methods of logging into multiple accounts to view balances and make transactions. We have been crying out for similar super apps which extend into our everyday lives; VibePay is Europe’s answer to this.”

For more information on VibePay, please visit: vibepay.com

About VibePay

VibePay makes the next evolution of payments a reality by bringing Open Banking technology into the day-to-day finances of consumers and businesses. VibePay is on a mission to make easy, instant, account to account payments - without the need for cards or wallets - the default way to pay and get paid amongst friends, with businesses and at checkout.

VibePay does this through uniquely combining payments (PISP) with data (AISP). VibePay is a regulated entity by the FCA.

Media contact

George Pitt, Vested, VibePay@fullyvested.com / george@fullyvested.com / 07810 770 461

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Source: Company press release.