Launching open banking payments with Link Mobility
Neonomics, an open banking services pioneer and Link Mobility (LINK), one of Europe’s leading providers of mobile messaging and Communications Platform as a Service (CPaaS) solutions, have begun rolling out open banking payments to LINK’s over 40,000 customer accounts.
By utilizing Neonomics’ unified API to access banks across Europe, LINK will offer a more cost-efficient means of distributing and processing payments by enabling customers to connect directly to their bank accounts via mobile notifications.
“We believe open banking is evolving the way consumers interact with financial services and with our strong collaboration with Neonomics, we are giving our customers a more cost-effective means to manage how their customers pay bills and invoices through our product, Mobile Invoice.” said Jan Tore Kjær, Sales- & Marketing Director at Link Mobility AS.
The two companies began their collaboration in 2018 and have developed a strong technical foundation from which to tailor services downstream. LINK expects to see steady adoption of account-to-account payments as more of their enterprise customers experience first-hand how the payment alternative reduces transaction costs and eliminates interchange fees.
Speaking on the milestone, Christoffer Andvig, CEO of Neonomics, said “We are excited to take this important next step with LINK. Our unique approach to onboarding banks is the foundation for how we are helping streamline customer experiences and costs for LINK and for LINK’s extensive customer base.”
About Link Mobility
LINK is one of Europe’s leading providers of mobile messaging and Communications Platform as a Service (CPaaS) solutions for increased engagement. The company serves enterprise, SME and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. As of year-end 2020, the Group had 40,600 customer accounts and during 2020 LINK exchanged 10.5 billion messages. For more information about LINK, please see www.linkmobility.com
About Neonomics
Neonomics is an open banking services provider empowering access to over 2000 banks and 150 million bank customers across Europe via one of the most secure and cost-efficient unified APIs in the market. Founded and headquartered in Oslo, Norway in 2017, the company currently has 70 highly technical team members representing 20 different nationalities. Authorized by the Norwegian FSA as a licensed payment institution the company is delivering payments initiation and account information services to a wide range of customers spanning FinTechs, payment service providers, banks and more. For more information about Neonomics visit at www.neonomics.io
Contact Details:
Tammy Gobel, Marketing Operations Manager, tgobel@neonomics.io
