Direct, secure, bank-to-bank payments built for modern commerce

Open Banking enables customers to pay directly from their bank account - without cards, intermediaries, or stored payment details. Using secure bank APIs under PSD2 regulation, payments are initiated in real time and authorized within the customer’s own banking environment. The result is a faster, more secure way to move money - fully aligned with how digital payments are evolving across Europe and the UK.

How it works

  1. Payment selection
    The customer selects Open Banking at checkout
  2. Transaction Data
    Customer enters required transaction data
  3. Choose Bank
    Customer is redirected to Moneevo where they select their bank
  4. Authentication
    They are redirected to their bank and authenticate using familiar methods (biometrics, app approval, or one-time code)
  5. Authorization
    The payment is confirmed directly within the bank
  6. Confirmation
    You receive real-time status of the transaction

why businesses are adopting open banking

Businesses are not replacing cards - but they are no longer relying on them exclusively. Open Banking introduces a second payment rail that addresses some of the structural limitations of card-based transactions, particularly in online and cross-border environments.

In practice, this means:

Direct bank payments:

Funds move directly from customer to merchant- no card networks involved

Strong security by design:

Every payment is authenticated by the bank using Strong Customer Authentication (SCA)

Real-time visibility:

Know immediately whether a payment is successful

No chargebacks:

Eliminate disputes associated with card payments

Lower dependency on card networks:

Diversify your payment stack and reduce reliance on a single rail