London-based fintech GuavaPay has joined forces with Open Banking infrastructure provider Yapily to enable faster top-ups in its new payment application ‘MyGuava’.
Integrating Yapily’s secure Open Banking platform API in MyGuava will allow for speedier top-ups of GBP and EUR accounts from supported bank accounts.
GuavaPay and Yapily identified a number of benefits for MyGuava customers of using Open Banking, including reducing the risk of data breaches, streamlining the payment process, and saving time and effort, given it removes the need for manual input of account data.
Javid Mahmudzade, Guavapay’s chief information officer, said the partnership with Yapily enhances its card top-up capabilities.
“By leveraging the power of Open Banking, we are taking a significant step towards providing our customers with a more convenient and secure payment experience in our new payment application MyGuava,” Mahmudzade said.
“This collaboration aligns perfectly with our commitment to delivering innovative solutions simplifying financial transactions.”
Founded in 2017, GuavaPay has a presence in the UK, Canada, the US and EU.
MyGuava customers can open accounts in multiple currencies, including EUR, GBP, СAD and CHF.
Yapily chief executive officer and founder Stefano Vaccino added: “We’re delighted to team up with Guavapay to make topping up through MyGuava super easy and secure, it’s great to see this commitment to driving innovation in payments and providing customers with better, fairer financial experiences.”