back Back

Vyne and Gr4vy partner to enable instant Open Banking payments for online merchants

By Joy Dumasia

February 21, 2022

  • API
  • API Banking
  • Europe

Vyne, the specialist account-to-account payments platform, announces a new partnership with Gr4vy, a leading cloud-native payment orchestration platform (POP) that will give online merchants access to open banking payments infrastructure.

Gr4vy’s cloud-native payment orchestration platform enables merchants to streamline and manage payment methods, services, and transactions all in one place. With eCommerce becoming the cornerstone of retail, this partnership will give Gr4vy’s merchant partners access to Vyne’s full array of account-to-account payment processing solutions. Once referred, Vyne’s simple integration process will allow merchants to offer payments in as little as three clicks and enable instant settlement while bypassing high-cost middlemen. 

Vyne’s frictionless payment process will improve merchant conversions by offering a seamless UX via different channels, including online checkout, payment by SMS, chat or email, and QR codes for static or dynamic payment content.

Research conducted by Vyne in Q4 2021 found that 43% of consumers had to chase down refunds for online purchases, leaving them feeling frustrated and angry with retailers. With Vyne’s open banking technology, Gr4vy’s merchants will be able to offer refunds in real-time to their buyers, which plays a vital role in customer loyalty.

Luke Flomo, Chief Revenue Officer, Vyne, said: “In keeping with our common vision of creating an ecosystem that redefines the payment experience for merchants and consumers, we are excited to partner with Gr4vy to introduce Open Banking to the masses. Founded by industry veterans, Gr4vy’s market-leading cloud-based platform offers the ultimate scalability, our partnership empowers both merchants and consumers to access account-to-account payments’ security, speed, efficiency, and cost-effectiveness. Accessing traditional and innovative payment solutions with the click of a button is the future of payments. It is our mission to restore payment power to merchants and their customers. The only way to regain such power as the world evolves digitally is through open banking.

John Lunn, Founder and CEO, Gr4vy, said: “Offering the right payment methods with the right providers is essential to an effective payments strategy for online retailers. Gr4vy’s goal is to modernise payment infrastructure by empowering merchants to expand and manage their payment stacks, and working with Vyne’s Open Banking technology will enable us to provide the instant, low-cost, and easy-to-use payment solutions that will enable merchants to stay competitive.

Previous Article

February 21, 2022

Trax and Raistone Partner to create working capital innovations

Read More
Next Article

February 21, 2022

CoinDCX partners with crypto-native trade surveillance firm Solidus Labs

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

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


Visa & Temenos to offer money transfer solutions to European banks

Read More


Pelago taps Primer to deliver innovative travel payment solutions

Read More


Newland NPT & Neoleap partner to foster digital payment solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
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!
Get your copy now! IBSi Sales League Table 2024