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Yapily and European mobile broker BUX announce strategic partnership

By Megha Bhattacharya

October 19, 2020

  • Bux
  • Germany
  • Yapily
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Enterprise connectivity platform, Yapily today announced a partnership with European mobile broker BUX. The new partnership will enable German users of BUX Zero to seamlessly fund their accounts and build an investment portfolio in a matter of seconds. BUX Zero customers can make deposits to their BUX Zero accounts from within their bank’s mobile banking app.

Nick Bortot, Founder & CEO of BUX said, “Efficiency and ease-of-use are at the core of the BUX Zero investing experience, and by introducing Yapily’s API technology to our platform, we will make the account funding experience even simpler for our German clients. This new generation of investors requires an investing experience that fits their mobile-first lifestyle, and BUX Zero is at the forefront of providing a better solution for retail investors. As BUX Zero continues to expand across Europe, partnering with Yapily will allow us to adapt to local markets more efficiently.”

Yapily stated that the integration of its open banking API enables BUX Zero to enhance its customers’ experience by removing the friction, which speeds up the process in making deposits to their BUX Zero accounts. German BUX Zero users can begin investing in the brands and companies.

Stefano Vaccino, CEO of Yapily said, “Drawing on our technical expertise, we’ve been able to provide BUX’s German customers with a better customer experience and greater control over their finances. We are integrated with 80% of Germany’s banks; which enables us to provide companies like BUX with the infrastructure they need in order to provide the benefits of open banking to users beyond their native market.

“Through partnering with BUX, we’re continuing our mission to further expand the reach of open banking across Europe. We believe open banking will enable fairer and better financial products and services for all. And we’re pleased to have found a partner in BUX who believes the same. We look forward to a long partnership and underpinning future products and services which can fuel greater financial accessibility.”

Recently, , Yapily announced an agreement with American Express in a bid to support the delivery of its Pay with Bank Transfer payment initiation service across Europe.

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