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About
Yapily is a leading open banking infrastructure platform that connects businesses to thousands of banks and financial institutions across 19 countries through a single, developer-friendly API. Designed to eliminate the friction of outdated financial systems, Yapily enables companies to initiate instant, low-cost Pay by Bank payments and access accurate, real-time financial data at scale. On the payments side, Yapily supports Single Payments, Variable Recurring Payments (VRP), Commercial VRP, and Bulk Payments — all processed through secure PSD2-compliant open banking rails. For data, the platform provides access to real-time consumer and business financial data, with optional Data Plus features including transaction categorisation and enrichment for deeper personalisation and credit decisioning. Yapily Connect allows businesses to go live with regulated open banking access without needing their own licence. The platform has been selected by Google to support its bank account verification service, and serves industries including payment service providers, banking and EMI operators, iGaming platforms, and lending and credit providers. With coverage across the UK, Germany, France, Spain, and more, Yapily offers one of Europe's broadest open banking networks. Developers can access full API documentation, demos, and a customer console to get to production quickly. The platform is built for startups, enterprises, and everything in between — making it ideal for any business looking to build frictionless financial products.
Key Features
- Pay by Bank Payments: Initiate instant, low-cost, and secure payments directly from bank accounts via Single Payments, VRP, Commercial VRP, and Bulk Payments — all through a single API.
- Real-Time Financial Data Access: Retrieve accurate, up-to-date consumer and business financial data across 2,000+ banks for onboarding, credit assessments, and personalisation.
- Data Plus Enrichment: Go beyond raw data with transaction categorisation and enrichment to deliver more personalised and intelligent financial services.
- Yapily Connect: Access PSD2-regulated open banking without requiring your own licence — Yapily handles compliance so you can launch faster.
- Pan-European Coverage: Connect to banks and financial institutions across 19 countries with strong coverage in the UK, Germany, France, Spain, and more.
Use Cases
- Payment service providers embedding instant Pay by Bank checkout options for merchants to reduce transaction fees and fraud.
- Lending and credit platforms using real-time financial data to assess affordability and accelerate customer onboarding.
- iGaming operators increasing first-time deposit success rates and cutting payment processing fees with open banking payments.
- Banking and EMI providers onboarding customers faster using Yapily's data access and verification tools.
- Fintech startups building personalised financial management apps powered by categorised and enriched transaction data.
Pros
- Broad Bank Coverage: Access to 2,000+ banks and institutions across 19 countries via a single API integration simplifies cross-border financial connectivity.
- Regulatory Compliance Built-In: Yapily Connect removes the need for your own PSD2 licence, enabling businesses to go live quickly with fully regulated open banking access.
- Versatile Product Suite: From one-off payments to recurring VRPs and bulk transfers to data enrichment, Yapily covers the full spectrum of open banking use cases.
- Developer-Friendly: Comprehensive API documentation, demos, and a customer console make integration straightforward for engineering teams.
Cons
- Enterprise Pricing: As a commercial API infrastructure platform, costs can be significant for smaller businesses or early-stage startups with high transaction volumes.
- Europe-Focused Coverage: While coverage spans 19 countries, the platform is primarily focused on European markets, which may limit use cases for businesses with global banking needs.
- Integration Complexity: Leveraging the full suite of payment and data products may require meaningful developer resources to implement and maintain properly.
Frequently Asked Questions
What is Yapily and how does it work?
Yapily is an open banking API platform that connects businesses to 2,000+ banks across 19 countries. Through a single API integration, you can initiate bank-to-bank payments and retrieve real-time financial data, all compliant with PSD2 regulations.
Do I need my own open banking licence to use Yapily?
No. Yapily Connect allows you to access PSD2-regulated open banking infrastructure without needing your own licence. Yapily handles the regulatory requirements so you can get to market faster.
Which countries does Yapily support?
Yapily supports 19 countries including the UK, Germany, France, Spain, Netherlands, Norway, Sweden, Ireland, Italy, Belgium, Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, and Portugal.
What types of payments does Yapily support?
Yapily supports Single Payments, Variable Recurring Payments (VRP) for me-to-me transfers, Commercial VRP for merchant-initiated recurring payments, and Bulk Payments for mass payment processing — all via Pay by Bank.
What industries is Yapily best suited for?
Yapily serves a wide range of industries including payment service providers, banking and EMI operators, iGaming platforms, and lending and credit companies — any business that needs to embed payments or leverage financial data.
