VibePay continues its push to bring Open Banking to consumers

OpenBankingExpo |

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.

 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added: “We’ve seen China and the US lead the way with WeChat and CashApp, yet consumers in Europe are still using outdated methods of logging into multiple accounts to view balances and make transactions.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.”