Yaspa is an award-winning fintech company that leverages open banking to provide instant, secure, and cost-effective payment solutions. Founded in 2017, Yaspa connects identity and money, enabling businesses to offer seamless Pay by Bank services without the need for cards, codes, or additional apps. This approach not only accelerates transaction times but also enhances security and reduces fraud risks.
Key Features and Functionality:
- Instant Bank Payments: Facilitates real-time, verified payments directly into merchant accounts, eliminating intermediaries and ensuring immediate fund availability.
- Intelligent Data Insights: Utilizes machine learning to provide real-time data on user behavior, financial insights, and fraud indicators, aiding in smarter decision-making and compliance.
- Account Verification: Offers seamless bank account verification to reduce fraud and streamline Know Your Customer processes, ensuring faster and risk-free payments.
- Instant Payouts: Enables businesses to provide fast and secure payouts, withdrawals, and refunds directly from their accounts to customers, enhancing user satisfaction.
- Virtual Accounts: Allows the creation of instant e-money accounts with individual virtual IBANs in multiple currencies, facilitating efficient fund management and reconciliation.
Primary Value and Solutions:
Yaspa addresses the need for faster, more secure, and cost-effective payment processing by eliminating traditional card-based transactions and associated intermediaries. This results in reduced transaction costs, minimized fraud risks, and improved customer conversion rates. By integrating identity verification with payment processes, Yaspa ensures compliance and builds trust between businesses and their customers. Its modular solutions cater to various industries, including eCommerce, iGaming, utilities, and charities, providing tailored payment experiences that enhance operational efficiency and customer satisfaction.
