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Ahrvo Labs launches open banking platform to streamline cross-border payments

By Delisha Fernandes

May 15, 2023

  • Ahrvo
  • Bank Account
  • Banking
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AhrvoAhrvo Labs launched a platform that enables any authenticated bank account to be instantaneously used for cross-border transactions.

“Historically, cross-border payments have been characterised by their slow pace, high costs, and complexity. These factors have posed significant challenges for individuals and businesses looking to transfer funds across international boundaries,” said Appo Agbamu, CEO of Ahrvo Labs. “Our Cross-Border Open Banking protocol takes on these issues head-on, offering a streamlined and efficient platform for cross-border fund transfers.”

Agbamu added, “We are excited to introduce our Cross-Border Open Banking service and play a significant role in promoting financial inclusion and accessibility on a global scale. Our solution is crafted to be user-friendly and efficient, promising our customers a seamless and secure experience for global fund transfers. We currently have redundant coverage in the US, UK, EU, APAC, and LATAM.”

Customers of more than 10,000 banks globally can access Cross-Border Open Banking by connecting to any Open Banking provider integrated within the protocol, which supports many liquidity providers, wallet funding methods, and currencies. Using Open Banking partners and Ahrvo KYC/B solutions, Ahrvo ensures a secure, compliant platform for global payments, bringing about enhanced flexibility, convenience, and cost efficiency.

The company’s Cross-Border Open Banking service is an essential addition to the company’s innovative FinTech solutions, which include 20 (portable) identity, document, transaction management systems, payments, and banking SDKs integrating payment and banking companies, and digital wallets.

This initiative was made possible in collaboration with our esteemed partners, Thunes, Nium, Convera, MX, Trustly, and Brankas. These strategic alliances have bolstered our efforts to provide top-notch, customer-centric solutions.

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