Blip-Pay, a next-generation payments and data platform, has launched in the UK to support businesses and underserved SMEs, and educate consumers on the potential of Open Banking.
Blip-Pay, created by FintechIO, offers experience and helps business owners and their customers realise the benefits of Open Banking and data sharing.
The Blip-Pay platform enables its partners, including small and medium enterprises and larger corporations, to create consent-driven payment and data experiences. Partners can set up these journeys in minutes, without the need for any coding, and personalised to their own branding.
Small business owners can add faster and more cost-effective Open Banking payments to their existing payment methods using ‘pay by link’, QR codes and SMS messages. Additionally, Blip-Pay’s end-to-end solution identifies the benefits of Open Banking data to their specific business. The firm is also committed to educating consumers about the possibilities prompted by Open Banking and data sharing.
Dan Vladoiu, chief executive officer of FintechIO, said: “Blip-Pay is all about education and accessibility, both for Britain’s businesses and their customers, for whom data unlocks a host of possibilities. With our platform, SMEs can plug in and just pay for what they use. We think of ourselves as a speedboat on the cusp of innovation, moving swiftly ahead of the game – developing, iterating, and releasing Smart Data products.”
Amit Gokani, co-founder of Blip-Pay, added: “We have a passion-led, problem-solving, and innovation-driven team. We are mentors at heart, and by background, and we are striving to illuminate society on the many benefits of Open Banking. Britain’s businesses are understandably worried about their P&L. We are providing the right tools to reduce payment costs, while also providing data-driven insights that will help them better understand, and serve, their customers, increasing lifetime value.”
FintechIO is an event partner of Open Banking Expo UK and Europe, taking place at the Business Design Centre in London on 15-16 October. Click here to find out more about attending, exhibiting and sponsoring.
