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Payhawk integrates with Yapily for instant payment top-ups

Source: Payhawk

Payhawk, the fast-growing spend management platform, which combines company cards, reimbursable expenses, and accounts payable in one solution, today announces it has partnered with open banking API, Yapily, to create a seamless and instant payment experience for finance teams when upgrading their Payhawk wallets.

Through the benefits of open banking, Payhawk eliminates lengthy, manual payment processes that cause user friction and leads to unnecessary cash flow uncertainty for businesses.

The integration with Yapily - rolled out in key markets for Payhawk including the UK, France, Spain, Portugal, and the Benelux - allows Payhawk to offer its customers the ability to link one or more bank accounts from over 2,000 banks and institutions from dozens of countries and lets users easily top up their debit accounts and repay credit accounts from a linked bank account.

Stefano Vaccino, Yapily Founder and CEO says, "We are really excited to partner with such a fast-growing company like Payhawk. It’s a privilege to help them expand their open banking service in the Netherlands, UK, and other key European markets. This best-in-class fintech innovation partnership can unlock the massive potential of open finance to unleash further growth for both companies. I can’t wait to see what more we can achieve together in the upcoming years."

Yapily's extensive bank coverage and single API integration have enabled Payhawk to delight both new and existing customers in their core markets. The Linked Account top-up feature helps customers get set-up fast in the platform and helps ensure adequate cash-flow for spending requirements. Payhawk customers now have the ability to track deposits into the platform, ensuring transparency and eliminating the risk of duplicate transactions. This added level of control and visibility enables businesses to maintain good governance practices over their spend.

Guy Sear, Payhawk Commercial Director UK says, "We are thrilled to partner with Yapily to use open banking to enhance the fund top-ups experience within the Payhawk platform. Through this collaboration, Payhawk continues to eliminate manual processes and create efficiencies for Finance teams in the Netherlands through an integrated all-in-one spend management solution."

Payhawk aims to offer customers across Europe a convenient method to top up money on an ongoing basis via the platform after linking a bank account once. This aligns with Payhawk's strategy to reduce reliance on account funding through manual deposits initiated outside the platform and give finance teams more insight and control over cash flow management.

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