VibePay has elevated its payment services through the launch of its open banking dashboard.
Powering account payments between consumers, friends and businesses, the launch of the UK dashboard marks the next step in the firm’s ambitions of increasing the prevalence of account to account payments.
The new offering seeks to create a wider impact by forming connections and experiences between businesses and digital-first customers, providing SMEs with an opportunity to engage with their audiences and drive sales, increase reach and conversion.
Luke Massie, CEO of 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 SMEs and buy from people they know. Our new dashboard enables SMEs to take advantage of this growth and pay and be paid by their customers easily and directly from account to account, removing the reliability of expensive card rails and wallet services.
“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. Ultimately it means that SMEs will be able to focus on achieving their ambitions and growing their business, not managing payments.”
VibePay Business looks to increase engagement between businesses and customers, with a friction free journey, through its app and at checkout.
This continued evolution of payments is delivered through making Open Banking technology accessible to all SMEs and their customers.
Expert Analysis: VibePay is well-positioned to elevate the connection between consumers and businesses through open banking. The firm has enjoyed significant success as a startup and making open banking available for SMEs can elevate how the group is continuing to grow.
