Social investment platform eToro has chosen to work with OpenPayd for its accounts across Europe.
OpenPayd will provide Banking as a Service infrastructure.
This will power eToro Money accounts across Europe.
eToro Money accounts connect with eToro investment accounts so users can manage and transfer funds more easily.
What does this mean?
OpenPayd will enable eToro to issue Euro virtual IBANs and access SEPA Instant rails. “Our infrastructure was built for use cases just like eToro Money,” says OpenPayd CEO Iana Dimitrova. “We strongly believe that embedding financial services in this way powers business growth, enabling any company to build new products, streamline operations and manage payments globally. This is what the future of financial services looks like.”