Open Banking Provide seamless banking experience with PAIO
Grow your business with innovative payment infrastructure while unlocking the world of open banking.
Transaction Flow
01User Authorization
Customers allow third-party apps to access their banking data.
02Secure Data Sharing
Banks provide data via regulated APIs.
03Financial Insights & Services
Apps offer budgeting tools, lending options, payments, and more.
Benefits you get
Improve Conversion RateMinimised drop-offs
No need for card details – users authenticate via their banking app in seconds, which improves speed & user experience (UX). Transactions happen directly from the customer’s bank account – no expired cards or fraud blocks. Instant account balance verification reduces failed payments. Impact: Conversion rates increase by 10-30% for Open Banking merchants!
Reduce FeesSignificantly reduced fees
Open Banking has lower transaction fees than traditional payment methods like credit cards, debit cards, and digital wallets because it bypasses card networks (Visa, Mastercard) and reduces intermediaries.
✅ Merchant → ✅ Customer's Bank (via API)
Accelerate Payment CollectionInstant settlement
Open Banking payments use Faster Payments (UK), SEPA Instant (EU), RTP (US), and other real-time payment networks to process transactions instantly or within minutes. There is no need to wait for batch processing or settlement cycles.
Accelerated payments improve cash flow and let merchants fulfill orders faster.
Scale GloballyEasy access to European markets
Paio empowers businesses to use open banking by providing a cutting-edge payment gateway covering Europe.
Thus, customers all over Europe can pay using their preferred local bank, while businesses can save on transaction costs.
Reach new customers with a single API
With API integration, you can accept payments from various platforms and use local banks' options and payment methods. This enables you to expand into new markets and retain a global customer base!
Open Banking is perfect for
1.
Account Aggregation
See all bank accounts in one app
2.
Faster Payments
Direct bank-to-bank payments without cards
3.
Personal Finance Management
AI-driven budgeting and spending insights.
4.
Lending & Credit Scoring
Faster loan approvals using real-time financial data.
5.
Subscription & Bill Management
Automatic tracking and optimizing subscriptions.
Frequently asked questions
What is PAIO, and what services do you provide?
What are the benefits of PAIO’s internet acquiring services?
What payment methods does PAIO support?
How secure are payment transactions through PAIO?
What is PCI-DSS?