Banked (Impacting payments with Open Banking)

Banked (Impacting payments with Open Banking)
Use Case:
Description:

Banked has built an account to account payment software, leveraging Open Banking to allow individuals and businesses to pay for services from their bank accounts directly.

Their value proposition includes lower costs (they charge 0.1% of transactions vs card schemes’ 1-4%) and speed (real time payments).

Phase:
Live
Industry:
Payments
Niche:
Payment acceptance