The announcement was made today at the Money20/20 Europe fintech conference in Amsterdam, capital of the Netherlands.

The collaboration will enable Flutterwave to give its African e-commerce merchants enhanced access to UK and EU customers, while Token.io leverages Flutterwave’s presence in Africa to enable a Pay By Bank method for businesses.

Open banking-powered account-to-account (A2A) payments do not require registration or error-prone data entry, making them a seamless payment method.

End-users authenticate A2A payments directly with their bank for a frictionless experience that also delivers higher success rates than market standards.

A2A payments offer merchants cost savings compared to traditional payment methods and settle instantly to improve cash flow.

Source: Daily Post