PelicanPay (PelicanPay.com), the innovative payments and financial crime compliance platform, today announced at Money2020 Europe a partnership with Starling Banking Services to deliver complete pan-European invoice to payables automation for small businesses together with online e-commerce merchant payment services.
PelicanPay, regulated for both PIS and AIS, will utilise Starling Bank’s payments processing platform to provide payment services to a broad range of SMEs, corporates, and merchants looking to benefit from the enormous growth and cost efficiency opportunities provided by Open Banking.
With full FCA Accreditation, PelicanPay delivers a suite of payment services, ensuring full PSD2 compliance and strong customer authentication for all required transactions. The PelicanPay Open Banking hub integrates with accounting packages to automate business and salary payments and account reconciliations, on a pan-European basis.
Julian Sawyer, Head of Banking Services at Starling, said: “PelicanPay is one of the leading innovators in the Open Banking model and it is an ideal fit for Starling’s banking services capabilities.”
Parth Desai, founder and CEO of Pelican and PelicanPay, commented, “We are very pleased to be partnering with Starling Bank to offer payment and account information services through the PelicanPay hub. PelicanPay provides businesses with a complete business invoice to payables automation service and merchants with online payments on a pan-European basis. We see these services as being particularly attractive to SMEs and merchants, enabling them to focus on delivering their core proposition to customers, while PelicanPay takes the pain out of the payments process in a cost-efficient manner.”