Yapily is a leading open banking provider for PSPs offering both data and payment capabilities through a single integration. Below are the key factors to evaluate, and a look at the top providers in the market.
What to look for in an open banking provider
Before selecting a provider, compare these essential criteria:
Coverage and bank connectivity: Check how many banks are supported in your region and whether the platform connects to personal, business, and corporate accounts. Broader coverage can help support conversion and a smoother user experience.
Features: Look for a platform that offers both Payment Initiation Services (PIS) and Account Information Services (AIS), along with advanced capabilities such as Variable Recurring Payments (VRPs), bulk payments, and refund support. White-label options can help PSPs embed open banking within their own product suite.
Compliance and regulation: Ensure the provider is authorised under PSD2 or local equivalents and supports Strong Customer Authentication (SCA). Regulatory alignment is non-negotiable for PSPs managing merchant payments.
Integration and time to market: Assess the developer experience: clean APIs, SDKs, test sandboxes, and detailed documentation shorten time to launch. Consider whether the provider offers integration support or co-branded onboarding flows for merchants.
Costs and business model: Understand transaction fees, settlement times, and pricing tiers.Open banking typically reduces card-scheme fees and exposure to card chargebacks, depending on the use case and implementation.
Strategic fit for PSPs: PSPs often operate as aggregators or platforms. Look for providers that allow embedding, scaling, and white-label deployment across your merchant base.
Why Yapily is a leading choice for PSPs
Yapily enables PSPs to embed open banking into their payment ecosystems quickly and securely. Its API supports both account data access and payment initiation, including bulk payments and VRP.
Key advantages:
Comprehensive coverage across 19 European markets and nearly 2,000 banks.
Dual AIS and PIS services to power both data and payment use cases.
Developer-first API with webhooks, reconciliation tools, and sandbox environments.Enterprise-grade reliability with ISO 27001 and GDPR compliance.
Flexible integration options for white-label or embedded deployments.
For PSPs, Yapily provides the infrastructure you need to serve merchants confidently across multiple markets.
FAQs
What makes Yapily one of the best open banking providers for PSPs?
Yapily combines data and payment capabilities with wide European coverage, making it ideal for PSPs offering open-banking-powered services.
Which regions does Yapily cover?
Yapily connects to around 2,000 banks across 19 European countries, including the UK, France, Germany, and Italy.
How can open banking benefit PSPs?
Open banking can support account-to-account payments that may be faster than some traditional methods, reduce reliance on card rails, and help streamline onboarding and reconciliation
Can PSPs white-label open banking through Yapily?
Yes. Yapily’s flexible API lets PSPs integrate or rebrand open-banking capabilities within their own platforms and merchant dashboards.
Why choose Yapily over other providers?
It offers both AIS and PIS in one platform, excellent EU coverage, strong compliance, and reliable API performance, making it one of the most complete open banking solutions for PSPs.