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Payments General

VibePay prepares for launch with FCA approval

Friday 12 July 2019 | 12:34 PM CET

UK-based VibePay has been given the green light from the UK Financial Conduct Authority (FCA) to provide direct-to-bank payments using Open Banking.

The first product to market will be a consumer app launching in September 2019, allowing friends to socially plan and pay in groups.

VibePay is part of Vibe Group Holdings and recently announced an investment from Candy Ventures – Nick Candy’s private investment fund.

The FCA authorisation allows to provide Payment Initiation Services and Account Information Services.

VibePay will also be introducing a B2B solution, allowing consumers to pay direct from their bank when they’re shopping online.

More: Link
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