Plaid launches Payment Initiation Services in the UK

28 Apr 2020

Plaid has today announced its latest launch in the UK by offering Payment Initiation Services.

2019 saw Plaid launch in the UK with the aim of making money easier to manage for everyone regardless of who they bank with or where they live.

Payment Initiation Services enables consumers to make real-time payments without having to manually set-up the details and ensure everything is executed within the an app for example.

Plaid join a list of Payment Initiation Service Providers (PISP) in the UK offering account to account payments, and are hoping this new service will appeal to those building a digital bank right the way through to digital wallet services with convenience at the heart of the new offering.