VibePay has announced it is to launch account-to-account payments for business. The new offering will enable SMEs (small and medium-sized enterprises) to activate instant account-to-account payments with their customers, see transactions easily in one place and access the important data behind their business finances.
The new offering adds additional value by creating meaningful connections and experiences between businesses and digital-first customers, providing SMEs with a unique opportunity to engage with their audiences and drive sales, increase reach and conversion.
VibePay Business takes businesses to where their customers are, friction free, in app and at checkout. This continued evolution of payments is delivered through making Open Banking technology accessible to all SMEs and their customers.
Luke Massie, Chief Executive Officer, VibePay commented: “In the past 12 months there has been a rapid acceleration of digital payments, a huge growth in social commerce, and a renewed focus from consumers in wanting to support SMBs and buy from people they know. VibePay has been driving the adoption of Open Banking amongst consumers with its peer to peer app and is now available to SMEs. It is the best of Open Banking in action and we are supporting businesses in reaching their potential through the next wave of payment innovation – creating meaningful connections between consumers and businesses through our technology.”