Pierre-Antoine Vacheron

Natixis Payments and Visa have launched a white label “Payments in a Box” offering called Xpollens, which aims to assist fintechs, corporates and retailers in integrating a full range of payment services ie. from payment cards to instant payments.

“Xpollens removes the complexity of issuing and managing payments methods, allowing Fintechs, retailers and corporates to concentrate on their core business, on providing the best customer experience, and to take full advantage of the huge business opportunities afforded by PSD2,” said Natixis Payments CEO Pierre-Antoine Vacheron.

According to the suppliers, Xpollen benefits from the combined capabilities of Natixis and Visa, is based on the merged APIs of both the companies and can be fully deployed in 100 days. It allows customers to provide payment accounts, physical or virtual payment cards with individualized branding, mobile payments, contactless and instant payments, with real-time notification. It has been piloting the offer with two fintechs namely, Coinscrap and Linxo.

“The reality today is that the user experience must be seamless, easy, fast and personalised, and that includes payments,” said Visa Head of Strategic Partnerships Europe, SVP Bill Gajda. “However, offering new payments services is complex. While PSD2 has opened up the market by allowing players to offer payments services previously reserved for traditional banks, this opportunity comes with a level of regulatory complexity, and compliance with rules imposed by different countries across the eurozone is a big challenge. Xpollens helps by providing the necessary payment licenses and by guaranteeing the smooth management of payment accounts.”

Headquartered in Paris, Natixis Payments provides user-centric and tailored solutions across Europe for SMEs, corporates, public authorities, associations, fintechs and individuals. They deliver an extensive range of products that covers the entire value chain of payments, from issuing to acquiring, and from e-payments through e-wallets to pre-paid cards.

by Megha Bhattacharya
Market Analyst at IBS Intelligence