TrueLayer and Thunes announce partnership to make payments easier in the UK and Europe

Thunes provides a B2B payments infrastructure that meets the needs of e-merchant, marketplace, collaborative economy platform and fintech. As part of the partnership, Thunes will integrate TrueLayer’s open banking payments into its platform and offer them to the 100,000 merchants listed by the company worldwide. As a result, thousands of Thunes customers and partners will be able to take advantage of open banking payments.

TrueLayer’s payments provide a fast and cost-effective alternative to bank transfers and bypass traditional card networks and their associated fees. They also significantly reduce the risk of fraud and eliminate chargebacks, which can incur significant costs for merchants.

Mariko Beijing, Head of Payment Partnerships at TrueLayer, said, “Open banking is rapidly becoming mainstream as more merchants adopt account-to-account payments that provide significant savings, increased security, and increased security against other payment methods. Speed ​​up settlements. Coins has a proven track record of adopting the latest payment methods for its customers, so they can focus on running their business. Implementing Open Banking is the next logical step and we believe That together we can provide significant value to European traders through a reliable partner. »

Thunes CEO Christophe Bourbier explains: “At Thunes, we are delighted with this new value proposition that we are introducing to our network of merchants and partners. Open banking speeds up not only in the UK, but in the rest of Europe as well. and we believe this partnership with TrueLayer, a leader in this space, will help us move forward and make this smart new payment method a reality for all. »

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About the Author: Forrest Morton

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