OROPAY, a Cypriot EMI, has partnered with Salt Edge, leader in developing open banking solutions, for becoming PSD2 compliant to provide safe and secure payments to its customers.
OROPAY is an electronic money institution regulated by the Central Bank of Cyprus, providing business & personal eMoney, and eCommerce solutions. The company focuses on international money transfers and aims to help businesses and consumers conduct their transactions more conveniently. With the goal to provide better, faster, and more advantageous services, OROPAY became fully PSD2 compliant.
It all started with OROPAY’s expansion plans to the European Union and the European Economic Area. The eWallet’s clients in this region are mostly businesses that, thanks to PSD2 compliance’s perks, have been enjoying more than just safe payment journeys. The compliance solution empowered OROPAY to build new, value-added services around the APIs, enabling businesses to optimise their processes in a rational and time-efficient way. According to Konstantinos Kareklas, OROPAY Deputy CEO and Director, business clients need easy and secure manners for executing their daily eMoney transactions via OROPAY business accounts, and this is where Salt Edge’s open banking solutions became more than necessary.
Being PSD2 compliant enables OROPAY customers to securely connect their eWallet accounts to third-party applications (TPPs) and get a full view of their transactions and initiate payments directly in the app.
“Strengthening our relationship with our customers is a priority and this is why we constantly aim to come up with offerings suiting their needs and the changes happening in our domain. Cross border payments are a mandatory element of business activities. Becoming PSD2 compliant was, undoubtedly, an added value, so, after a thorough market research, we decided to partner with Salt Edge. We choose specifically Salt Edge for its rich experience in the field, API technology, and excellent customer service.”