Sola, a European fintech infrastructure company building a next-generation payments and open banking gateway, announced that it has partnered with Salt Edge, a leading provider of open banking solutions, to enhance its payment capabilities and accelerate the adoption of alternative payment methods across Europe.
„By integrating Salt Edge’s Payment Initiation Solution (PIS), Sola gains access to Salt Edge’s ever-expanding network of thousands of banks across the continent. The integration will enable broader market reach and more reliable, secure, and instant payment experiences for merchants operating in diverse markets.” – the company said.
„Partnering with Salt Edge is a key milestone for Sola as we expand our open banking capabilities across Europe. Salt Edge’s regulatory expertise and robust connectivity perfectly complement our mission to deliver fast, secure, and scalable financial infrastructure. Together, we’re enabling businesses to build the next generation of payment experiences.” – said Jūlija Pandeva, Chief Technology Officer at Sola.
Various businesses, from fintechs to established enterprises, face challenges integrating payment and open banking solutions due to market fragmentation and complex regulatory environments. „Sola’s flexible gateway addresses these issues by connecting businesses to multiple financial infrastructures through a single API, without disruptions, offering speed, compliance, and scalability.” – the company explained.
„The future of financial services belongs to companies bold enough to reimagine how money moves, and Sola is one of them. By combining Salt Edge’s open banking rails with Sola’s modern infrastructure, we’re making seamless payments a reality for businesses across Europe.” – said Virgiliu Bodrug, Senior Open Banking Solutions Expert at Salt Edge.
This collaboration will also bolster Sola’s market position as a comprehensive financial connectivity platform, as it prepares to launch its new card solution soon.
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