Open Payments Explained: Features & Best Alternatives (2026)

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Open Banking

Providers

Open Payments

Open Payments is a Swedish PSD2‑licensed Open Banking platform focusing on the European market.

Introduction

What is Open Payments?

Open Payments provides a unified API that connects to multiple banks, reducing the need for separate integrations. Its platform is used by fintechs, e-commerce providers, subscription services, and other financial businesses.

Introduction

What is Open Payments?

Product suite

Open Payments Products

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Payments

Improve B2B payments with Open-Banking powered account-to-account transfers.

Payments

Improve B2B payments with Open-Banking powered account-to-account transfers.

Payments

Improve B2B payments with Open-Banking powered account-to-account transfers.

Account Information

Provide customers with a seamless bank connectivity to view cash flow in real time, reconcile accounts, and manage invoices.

Account Information

Provide customers with a seamless bank connectivity to view cash flow in real time, reconcile accounts, and manage invoices.

Account Information

Provide customers with a seamless bank connectivity to view cash flow in real time, reconcile accounts, and manage invoices.

Cross-border Payments

Unlock seamless cross-border payments to 170+ countries.

Cross-border Payments

Unlock seamless cross-border payments to 170+ countries.

Cross-border Payments

Unlock seamless cross-border payments to 170+ countries.

Overview

Open Payments Alternatives

Ivy

Learn More

Ivy enables real-time Open Banking-powered payments with bank-grade security and high conversion rates.

Crypto

Trading

Financial Services

E-Commerce

OpenPayd

Learn More

OpenPayd is a global fintech platform providing embedded financial services like payments, accounts, and FX for businesses via API integration.

Crypto

Trading

Financial Services

E-Commerce

Fabrick

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Fabrick is an Italian Open Banking platform enabling businesses to access financial data, initiate payments, and build innovative financial services.

Trading

Financial Services

E-Commerce

Exactly

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Exactly is a UK‑based, FCA‑authorised payment platform enabling businesses to process card, Open Banking, recurring payments with built-in smart routing and analytics.

Trading

E-Commerce

Versus

Compare Open Banking Providers

Zimpler vs Yaspa

Learn More

See how Zimpler and Yaspa stack up. Explore their features, use cases, and compliance to find the open-banking provider that best supports your business goals.

Yapily vs Plaid

Learn More

See how Yapily and Plaid stack up. Explore their features, use cases, and compliance to find the open-banking provider that best supports your business goals.

Trustly vs Plaid

Learn More

See how Trustly and Plaid stack up. Explore their features, use cases, and compliance to find the open-banking provider that best supports your business goals.

Yapily vs Truelayer

Learn More

See how Yapily and Truelayer stack up. Explore their features, use cases, and compliance to find the open-banking provider that best supports your business goals.

This information is provided for general informational purposes only and is based on publicly available sources as of January 2026. It is intended solely to describe certain third party products and services in a factual and non evaluative manner. We do not represent, endorse, or have any affiliation, partnership, or commercial relationship with any third party provider unless explicitly stated. Product features, service scope, and regulatory permissions may change over time and may differ depending on jurisdiction. Readers should independently verify any information directly with the respective provider before making business or commercial decisions. All third party product names, trademarks, and logos are the property of their respective owners. For corrections or updates, please contact shifa.rahaman@getivy.io.

FAQ

Frequently asked questions

How does Open Payments work?

Open Payments allows payments to be initiated directly from bank accounts using open banking connections, removing the need for cards or manual transfers.

Is Open Payments safe?

Yes. Open Payments operates using regulated open banking standards, strong customer authentication, and secure data handling practices.

FAQ

Frequently asked questions

How does Open Payments work?

Open Payments allows payments to be initiated directly from bank accounts using open banking connections, removing the need for cards or manual transfers.

Is Open Payments safe?

Yes. Open Payments operates using regulated open banking standards, strong customer authentication, and secure data handling practices.

FAQ

Frequently asked questions

How does Open Payments work?

Open Payments allows payments to be initiated directly from bank accounts using open banking connections, removing the need for cards or manual transfers.

Is Open Payments safe?

Yes. Open Payments operates using regulated open banking standards, strong customer authentication, and secure data handling practices.

FAQ

Frequently asked questions

How does Open Payments work?

Open Payments allows payments to be initiated directly from bank accounts using open banking connections, removing the need for cards or manual transfers.

Is Open Payments safe?

Yes. Open Payments operates using regulated open banking standards, strong customer authentication, and secure data handling practices.

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Ivy GmbH may provide payment services through Ivy Pay Oy, which is an Authorized Payment Institution. Ivy Pay Oy's license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8. Your account and related payment services are provided by one or more financially regulated partner. Your funds will be held in one or more segregated accounts and the full value safeguarded in line with the Financial Supervision Act.

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