Irish payments firm Strikepay partners with open banking platform TrueLayer
- Strikepay’s innovative payment solution, which uses NFC and QR code technology for tipping, payments, and donations, now powered by open banking
- The partnership with TrueLayer makes it easier for small businesses and professionals to get paid – verifying bank accounts instantly
TrueLayer, Europe’s leading open banking platform, announced its partnership with Irish payments firm StrikePay – the leading tipping provider in Ireland.
StrikePay’s instant payment terminal uses NFC and QR code technologies to enable people to Tap to Pay with any phone, with no other hardware required. It’s already being used by nearly 7,000 merchants in Ireland and the UK – from hospitality and services to individual tradespeople across many different sectors.
In partnership with TrueLayer, Strikepay is now powered by open banking. Customers who want to get paid quickly can connect and verify their bank account instantly, using TrueLayer’s Data API.
StrikePay CEO, Oli Cavanagh, commented, “We’re excited to be continuing a trend of fintech innovation in Ireland, bringing open banking technology to tipping and payments. We live in a world where very few people pay by cash anymore – this, for many small businesses and professionals, has meant a reduction in income and increased hassle for their customers. We’re on a mission to make it easier for people to get paid instantly by anyone with just a phone, and this partnership TrueLayer helps us to make the process more seamless for our customers.”
As well as improving the customer experience, open banking via TrueLayer has allowed Strikepay to reduce operational overheads.
Oli Cavanagh commented, “Previously our customers had to enter their bank account details manually to receive cash out, which was time consuming and led to mistakes like incorrect IBANs being entered. Working with TrueLayer we now have an instant and reliable way for customers to connect and verify their bank accounts, which is better for our customers and for our support team who have less errors to deal with.”
Joe Morley, General Manager Europe at TrueLayer, added, “Europe is witnessing the growth of fintech firms powered by open banking to deliver much-needed digital services to consumers. We’re delighted to be working with an Irish start-up that is pioneering a new way to get paid for small businesses and professionals. Not only will this ensure that the whole process is seamless for customers, but also one that is fit for purpose especially as the vast majority of consumers want, and indeed are already accessing, financial services technology and products.”