back Back

Brite offers Instant Payments to Shopware merchants in Europe

By Gloria Methri

April 29, 2024

  • A2A Money Transfers
  • Account to Account Payments
  • Brite Instant Payments Network
Share

Brite, Brite Payments, Brite Instant Payments Network, Brite Payments, FinTech, UKBrite Payments has partnered with e-commerce platform Shopware to offer its open banking-based instant payments to businesses across Europe.

Shopware merchants can now easily activate Pay by Bank (aka account-to-account or A2A payments), which enables their customers to pay instantly, directly from their bank account. The payments are highly secure and cost-effective and facilitated through the Brite Instant Payments Network (IPN).

Brite IPN is a proprietary network that leverages Europe’s open banking infrastructure. The result is a complete, out-of-the-box solution that Shopware merchants can conveniently access through a Shopware 6-compatible plugin.

Shopware is one of Europe’s largest open-source e-commerce platforms, serving more than 45,000 merchants. Shopware has a particularly strong presence in Germany, where Brite recently launched Instant Payments. Still, its footprint is expanding rapidly across Benelux and the Nordic countries – markets where Brite also has a complete product offering available to support merchants.

“We’re thrilled to welcome Brite Payments as a Gold Technology Partner and to expand the range of convenient, end-user-focused payment solutions available to our growing base of e-commerce merchants,” said Alexey Pronin, General Manager EMEA, Shopware. “Shopware is committed to giving merchants the variety of tools they need to succeed in the fast-changing world of online commerce – Brite Instant Payments is a powerful addition to that toolkit, representing a modern approach to Pay by Bank that puts customer experience at the forefront.”

“Shopware is a market leader in Germany, trusted by leading brands, and we’re excited to be able to offer them our intuitive instant payments solution,” said Luke Trayfoot, Chief Commercial Officer, Brite Payments. “Open banking-based payments offer huge potential, but we recognised early on that there was an appetite from merchants for more complete, easy-to-integrate solutions that reduce operational complexity as well as benefit their bottom line. Now, through our Shopware partnership, they have a simple way to activate Brite and see the impact on their business.”

Previous Article

April 29, 2024

Finastra offers Confirmation-of-Payee service to ScotPayments

Read More
Next Article

April 29, 2024

The Monday Roundup: what we are watching this week | April 29th

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

A2A Money Transfers

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

Capital on Tap partners with Plaid in the UK

Read More

May 24, 2024

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023